Modern RTH Gaps (RRR)
Title: Modern RTH Gaps (Dynamic ETH Fills)
Tags: Gaps, Price Action, Liquidity, ICT, Smart Money, Options
Description:
Overview
The "Modern RTH Gaps" indicator is designed for serious index and equity traders who rely on "True Gaps" to locate high-probability liquidity voids. While standard gap indicators simply measure from candle to candle, this script accurately mimics how institutional volume treats market gaps.
The "Modern" Gap Methodology
Creation (RTH Only): True gaps are formed between the final high-volume print of the day and the opening bell. On intraday charts, this script explicitly captures the 16:00 Regular Trading Hours (RTH) Close, freezes that price, and measures the gap against the 09:30 RTH Open.
Destruction (ETH + RTH): Once the gap is established, price is price. This script utilizes dynamic box routing to continuously shrink and update the gap utilizing all price action, including Extended Trading Hours (ETH) wicks that dip into the liquidity zone.
Key Features
Dynamic Price Labels: As a gap shrinks during the session, the Supply/Demand text labels update in real-time to reflect the new, narrower price boundaries—perfect for dialing in intraday options strikes or precise limit orders.
Hybrid Timeframe Engine: Unlike strict session scripts that crash or disappear on higher timeframes, this indicator features a smart router. If you zoom out to a Daily or Weekly chart (which lack ETH data), it seamlessly falls back to standard Open/Close calculations so your chart remains intact.
Memory Efficient: Built from the ground up using Pine Script v6 arrays and types. Closed or expired gaps are instantly purged from both the chart and the engine's memory stack, leaving zero ghost objects behind.
Tags: Gaps, Price Action, Liquidity, ICT, Smart Money, Options
Description:
Overview
The "Modern RTH Gaps" indicator is designed for serious index and equity traders who rely on "True Gaps" to locate high-probability liquidity voids. While standard gap indicators simply measure from candle to candle, this script accurately mimics how institutional volume treats market gaps.
The "Modern" Gap Methodology
Creation (RTH Only): True gaps are formed between the final high-volume print of the day and the opening bell. On intraday charts, this script explicitly captures the 16:00 Regular Trading Hours (RTH) Close, freezes that price, and measures the gap against the 09:30 RTH Open.
Destruction (ETH + RTH): Once the gap is established, price is price. This script utilizes dynamic box routing to continuously shrink and update the gap utilizing all price action, including Extended Trading Hours (ETH) wicks that dip into the liquidity zone.
Key Features
Dynamic Price Labels: As a gap shrinks during the session, the Supply/Demand text labels update in real-time to reflect the new, narrower price boundaries—perfect for dialing in intraday options strikes or precise limit orders.
Hybrid Timeframe Engine: Unlike strict session scripts that crash or disappear on higher timeframes, this indicator features a smart router. If you zoom out to a Daily or Weekly chart (which lack ETH data), it seamlessly falls back to standard Open/Close calculations so your chart remains intact.
Memory Efficient: Built from the ground up using Pine Script v6 arrays and types. Closed or expired gaps are instantly purged from both the chart and the engine's memory stack, leaving zero ghost objects behind.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.