OPEN-SOURCE SCRIPT
RTH Gap Detector with CE
### RTH Gap Detector with C.E.
This indicator detects the gap between the **9:30 AM ET RTH open** and the prior session’s **4:14 PM ET close**. It draws a box over the gap and marks its midpoint as **Consequent Encroachment (C.E.)**. The box extends until price fully fills the gap.
Gap grades are size-based, calculated as a percentage of the prior RTH close: **A** is at or above the Grade A threshold (**0.75% by default**), **B** is at or above the Grade B threshold (**0.25% by default**) but below A, and **C** is below B. These are customizable thresholds, not a separate ICT grading convention.
Settings let you filter small gaps, show or hide labels and the C.E. line, choose bullish/bearish or grade-based colors, and set the label size. By default, it keeps the **five most recent gaps**, including filled gaps. The default session uses New York time; on a 24-hour market such as BTC, it applies that time window to the chart’s prices.
This indicator detects the gap between the **9:30 AM ET RTH open** and the prior session’s **4:14 PM ET close**. It draws a box over the gap and marks its midpoint as **Consequent Encroachment (C.E.)**. The box extends until price fully fills the gap.
Gap grades are size-based, calculated as a percentage of the prior RTH close: **A** is at or above the Grade A threshold (**0.75% by default**), **B** is at or above the Grade B threshold (**0.25% by default**) but below A, and **C** is below B. These are customizable thresholds, not a separate ICT grading convention.
Settings let you filter small gaps, show or hide labels and the C.E. line, choose bullish/bearish or grade-based colors, and set the label size. By default, it keeps the **five most recent gaps**, including filled gaps. The default session uses New York time; on a 24-hour market such as BTC, it applies that time window to the chart’s prices.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.