OPEN-SOURCE SCRIPT
Unclosed Index - GLD Implied Gold Gap Ver.3.1
Unclosed Index – GLD Implied Gold Gaps
Visualize GLD price gaps as projected zones on XAUUSD.
This indicator identifies daily price gaps in SPDR Gold Shares (GLD) and projects them onto the XAUUSD chart using a dynamic price ratio between GLD and gold.
Instead of displaying GLD’s original price levels—which are not directly comparable to XAUUSD—the indicator converts each gap into an implied gold price zone. This makes it easier to monitor how GLD’s unfilled gaps correspond to price action in the gold market.
Key Features
GLD Gap Detection: Detects daily gaps between the previous session’s close and the current session’s open.
XAUUSD Price Projection: Converts GLD gap levels into approximate XAUUSD price zones using a dynamic ratio.
Gap Status Tracking: Displays whether a gap is unfilled, being filled, or fully filled.
Recent Gap History: Shows a configurable number of recent GLD gaps.
Customizable Display: Adjust gap colors, transparency, labels, boundaries, and midlines to suit your chart.
How to Use
Apply the indicator to an intraday XAUUSD chart. When a new GLD session begins, the indicator detects the daily gap and projects its corresponding zone onto the gold chart.
The projected zones can be used as an additional reference for market context, potential areas of interest, and gap-fill behavior.
Important Notes
This indicator is designed as a market context and visualization tool, not as a standalone trading signal.
GLD and XAUUSD are different instruments with different trading sessions, market structures, and pricing characteristics. The projected levels are approximate and should not be interpreted as exact price equivalence or guaranteed support and resistance.
Always use your own analysis and risk management when making trading decisions.
Visualize GLD price gaps as projected zones on XAUUSD.
This indicator identifies daily price gaps in SPDR Gold Shares (GLD) and projects them onto the XAUUSD chart using a dynamic price ratio between GLD and gold.
Instead of displaying GLD’s original price levels—which are not directly comparable to XAUUSD—the indicator converts each gap into an implied gold price zone. This makes it easier to monitor how GLD’s unfilled gaps correspond to price action in the gold market.
Key Features
GLD Gap Detection: Detects daily gaps between the previous session’s close and the current session’s open.
XAUUSD Price Projection: Converts GLD gap levels into approximate XAUUSD price zones using a dynamic ratio.
Gap Status Tracking: Displays whether a gap is unfilled, being filled, or fully filled.
Recent Gap History: Shows a configurable number of recent GLD gaps.
Customizable Display: Adjust gap colors, transparency, labels, boundaries, and midlines to suit your chart.
How to Use
Apply the indicator to an intraday XAUUSD chart. When a new GLD session begins, the indicator detects the daily gap and projects its corresponding zone onto the gold chart.
The projected zones can be used as an additional reference for market context, potential areas of interest, and gap-fill behavior.
Important Notes
This indicator is designed as a market context and visualization tool, not as a standalone trading signal.
GLD and XAUUSD are different instruments with different trading sessions, market structures, and pricing characteristics. The projected levels are approximate and should not be interpreted as exact price equivalence or guaranteed support and resistance.
Always use your own analysis and risk management when making trading decisions.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
AIトレード専門家・猫飼い（FX_Shokunin）｜FXノウハウサイト「Tribe FX」運営。
AIを活用した実践的なトレード手法と検証データを専門的に発信しています。テクノロジーで成果を最大化する投資戦略を学びたい方は、ぜひ公式ブログをご覧ください。
AIを活用した実践的なトレード手法と検証データを専門的に発信しています。テクノロジーで成果を最大化する投資戦略を学びたい方は、ぜひ公式ブログをご覧ください。
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
AIトレード専門家・猫飼い（FX_Shokunin）｜FXノウハウサイト「Tribe FX」運営。
AIを活用した実践的なトレード手法と検証データを専門的に発信しています。テクノロジーで成果を最大化する投資戦略を学びたい方は、ぜひ公式ブログをご覧ください。
AIを活用した実践的なトレード手法と検証データを専門的に発信しています。テクノロジーで成果を最大化する投資戦略を学びたい方は、ぜひ公式ブログをご覧ください。
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.