Opening Gap + Breakout (ICT) Indicator Download for MetaTrader 5 - Free - MT4/MT5 Resources
The Open Gaps + Breakouts indicator is one of the MetaTrader 5 indicators that automatically detects daily gaps and marks them as support and resistance levels on the chart.
Initially, support zones are displayed in gray , and resistance zones in red . When these areas are broken, their color changes to purple , indicating a breaker block .
Opening Gap + Breakout Indicator Specifications
The table below highlights the main characteristics of this indicator.
| Indicator categories: | Smart Money MT5 Indicators Liquidity Indicators MT5 Indicators ICT MT5 Indicators |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Advanced |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Intraday MT5 Indicators |
| Trading Tools: | Forex MT5 Indicators Cryptocurrency MT5 Indicators Stock MT5 Indicators Commodity MT5 Indicators |
Indicator Overview
The Open Gap+Breakout Indicator follows ICT trading Style and emphasizes the price trend. Revisit price gaps to fill them.
In technical analysis, this behavior is considered a natural market trend , and prices will usually try to move back up to fill the gap after it occurs.
Indicators are in an upward trend
In the GBP/CHF currency pair, the indicator identifies a price gap and transitions to a support level .
The indicator will then change its color breaker block to purple to reflect the updated state.
Indicators are in a downward trend
In the 15 minute EUR/GBP chart , the indicator initially identified a support zone . After the price retraced, the level was broken and the indicator recognized the breaker block , changing its role from support to resistance .
Opening Gap + Breakout Indicator Settings
The picture below shows the opening gap + circuit breaker block indicator:
- New Day Opening Gap Duration: Analyzing the Duration of the New Day Opening Gap
- New Day Opening Gap: Displays the opening price of the new day
- New Week Opening Gap Duration: Analyzing the Duration of the New Week Opening Gap
- New Week Opening Gap: Shows the opening gap of the new week
Conclusion
The Opening Gap + Breaker Block indicator automatically detects New Daily Opening Gap (NDOG) and New Weekly Opening Gap (NWOG) , marking them as support or resistance levels on the chart.
This indicator is a powerful tool for traders with ICT strategies and smart money concepts .
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