MMD HiddenGap Indicator

Identify and Visualize Zones of Reduced Liquidity (Hidden Gaps) on MT4 & MT5 - FREE Tool!

The MMD HiddenGap Indicator is a specialized free tool designed to automatically identify and highlight "Hidden Gaps" – specific zones on the chart that may indicate reduced liquidity or significant price imbalances. These areas, often overlooked by standard indicators, can be crucial for traders as they may act as future support/resistance levels or points where the market might attempt to "fill the gap."

With its customizable detection parameters and interactive display, this free indicator helps you uncover these subtle but potentially powerful market phenomena, adding another dimension to your technical analysis toolkit.

Key Features & Benefits of MMD HiddenGap

• Automatic Hidden Gap Detection:
  • Identifies bullish and bearish Hidden Gaps based on specific candle patterns on your chosen Diamond Time Frame.
  • Scans a defined number of past bars (Look Back Bars) for potential zones.
• Gap Zone Filtering:
  • Specify the Min Range Points and Max Range Points to filter gaps by their size.
  • Option to Use Diamond Exclude Time to ignore gaps formed during specific, potentially volatile or illiquid periods (defined by Exclude Start Time and Exclude End Time).
• Interactive Zone Display & Management:
  • Click on identified gap zones or their boundary lines to cycle through different display modes. The behavior is controlled by the Click Event Mode (Standard or Loop).
  • Extend Zone: Project the identified zone Extend Forward bars into the future.
  • Shorten Zone: Display the zone for a concise Shorted Length of bars.
  • Toggle Price Labels: Show or hide exact price levels for the gap boundaries (Price Label Color).
  • Toggle Description: Display or hide text showing the gap's original formation timeframe and date range.
• Comprehensive Visual Customization:
  • Distinct colors for bullish (Diamond Color Standard & Line Color Standard) and bearish (Diamond Color Reversed & Line Color Reversed) gap zones and their lines.
  • Select the Line Style for gap boundary and mid-lines.
  • Customize the Description Color and Description Font Size for informational text.
• Convenient On-Chart Control:
  • A Show Button allows for quick toggling of all Hidden Gap visualizations on the chart.
  • The button's appearance is fully customizable: Button Text (default "HidGap"), colors, font size, dimensions, and on-chart position.
• Completely Free & Unlimited Use:
  • This insightful analytical tool is provided at no cost to all registered users on our website.
  • Download from the "Tools" section after logging in and leverage its capabilities indefinitely.
• Multiple Instance Support:
  • The indicator's dynamic naming allows for multiple instances with different settings on the same chart, enabling analysis of various gap types or timeframes.

The MMD HiddenGap Indicator offers traders a unique, free way to spot potential areas of interest based on liquidity gaps. By making these zones visible and interactive, it can significantly aid in identifying potential turning points or areas where price might be drawn. Add this powerful free tool to your arsenal today!

If you have any questions related to this product or need assistance, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.