CISD - CSD + Price Gap Indicator MT5 - Download | Forex Indicator Download - MetaTrader 5 Resources

CISD – The CSD + Price Gap indicator uses a purple box to display the New Daily Spread Opening (NDOG). This MT5 Smart Currency Indicator identifies “CISD” levels based on price delivery changes and marks them with colored arrows. The "CISD" level usually indicates a shift in the direction of price movement.

CISD – CSD + Price Gap Indicator Specification Sheet

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

CISD + Price Gap Indicator Overview

Price gap areas (OG) are filled with liquidity, causing price to target these areas. The indicator marks these gaps with purple boxes, which will no longer appear in an ongoing trend if these areas lose validity.

Uptrend Conditions

According to the 1-hour chart of Silver/USD (XAG/USD), price filled the gap before retracing upward to close a bullish candle above the first candle of the opposite color.

In this case the "CISD" level is formed and the indicator marks it with a green arrow.

downtrend conditions

According to the 15-minute chart of the EUR/USD currency pair, the price started to fall after filling the price gap and closed below the first candle of the opposite color.

CISD level downtrend is marked with a red arrow.

CISD – CSD + OGs indicator settings

The CISD – CSD + Price Gap indicator is set up as shown below:

• 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 by the CISD level before it expires
• NDOG Color: Set the color of the daily gap area

Conclusion

CISD – The CSD + Price Gap indicator determines the “CISD” level based on the filling of daily price gaps. The direction of change in the "CISD" delivery status helps identify trend reversal areas.

This MetaTrader 5 signals and prediction indicator marks CISD levels and considers arrow displays as trade entry signals.