CISD - CSD + Price Gap Indicator MT4 - Download - [TFlab] - MetaTrader 4 Resources

CISD – The CSD + Price Gap indicator can display “CISD” as well as New Opening Caps . This MetaTrader 4 ICT indicator marks the "CISD" level based on filling price gaps using arrow marks. The “CISD” zone indicates trend reversals and market pullbacks.

CISD – CSD + Price Gap Indicator Specification Sheet

The table below shows the features and specifications of the CISD – CSD + Price Gap indicator.

Indicator Overview

A price gap (OG) is an area filled with liquidity and therefore a price target. This indicator displays the price gap as a purple box. If the "Open Gap" area is disabled, the purple box will not appear along the price.

Uptrend Conditions

According to the 1-hour chart of the EUR/USD currency pair, price first filled the gap and then retraced upward to close a bullish candle above the first non-similar color candle.

In this case, the indicator detects CISD and highlights it with a green arrow.

downtrend conditions

According to the XAU/USD chart on the 4-hour time frame, after filling the price gap, the price retraced and closed with a bearish candle below the first non-similarly colored candle.

CISD – The CSD + Price Gap indicator shows “CISD” with a red arrow.

CISD – CSD + OGs indicator settings

The image below shows the setup of the CISD – CSD + new Daily Price Gap indicator:

• How to display invalid OG: How to display invalid area
• Show NDOG on Chart: Show Daily Price Gap
• CISD break limit: Set the maximum number of breaks allowed before the "CISD" level expires
• NDOG Color: Set the color of the daily gap area

Conclusion

The CISD-+ Price Gap Open indicator plots new daily gaps using a purple box. This MetaTrader 4 signals and forecast indicator is designed based on ICT Style principles and helps traders determine the best entry point.

CISD areas usually indicate trend reversals; therefore, arrow displays can be considered trade entry signals.