Overview:
The GapFinder software makes it easy to locate gap imbalances in price. A Price Gap reflects a strong imbalance in Supply or Demand. Gaps on stocks are easier to locate however this proves extremely useful on markets such as futures and forex where gaps are harder to find.
Purpose:
Traders need the GapFinder software for all asset classes but especially futures and Forex traders, where Gaps are sometimes difficult to find. All Gaps Zones are displayed on the chart, differentiating Fresh from Tested or Broken (Filled) Gaps. Smaller Gaps can be hidden if desired making this a very useful indicator.
Elements:
- Automated Gap Zones
- Fresh, Tested, and Broken Zones
- Customizable Minimum Gap Size
- Audio Alerts when a Gap is hit
Functions:
The GapFinder software is best used by displaying Gap Zones on your trading chart. Gaps always get filled so knowing exactly where these zones are located can provide good trade opportunities and also help you remain aware of important areas of interest while trading any strategy.
Problem Solved:
- Stops traders from missing important Gap Zones
- Stops traders losing track of which Gap Zones have already been tested
- Stops traders from second guessing Gap imbalances
- Stops traders from wasting time manually drawing Gaps