Summary of 🌟New Daily/Weekly Opening Gap Indicator on ICT to TradingView - Free - [TFlab]🌟

The video introduces a new Daily/Weekly Opening Gap Indicator available on TradingView, aimed at traders using the ICT (Inner Circle Trader) style. This indicator helps identify price gaps that occur at the beginning of each trading day, week, and month, which can signal potential price reversals and serve as support zones.

Key Features of the Indicator:

• Accessibility: Available on TradingView; users can search for it in the indicator section and add it to their favorites for quick access.
• Functionality: Once applied to a chart, it automatically detects and displays price gap ranges.
• Customization Options:
  • Users can choose to show or hide daily, weekly, and monthly opening gaps.
  • Options to set the display color and the method for updating gaps (either "all" for all unadjusted ranges or "custom" for a trader-defined number of ranges).
  • Default setting for the number of ranges to update is five, but this can be adjusted.

Additional Notes:

The indicator is particularly useful for anticipating market movements based on identified gaps. The tutorial encourages viewer interaction by inviting comments and suggestions.

Main Speakers/Sources:

• The video is presented by TFlab, who provides the tutorial and insights on the indicator.

Notable Quotes

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Technology

Video