CISD - CSD + Price Gap Openings Indicator MT5 - Download - [TradingFinder]

The CISD – CSD + Price Gap Openings indicator uses purple boxes to show new daily price gap openings (NDOG). This MetaTrader 5 Smart Money

indicator identifies the "CISD" levels based on price delivery changes, marking them with colored arrows. The "CISD"levels generally indicate a shift in the direction of price movement.

CISD – CSD + Price Gap Openings Indicator Specifications Table

The table below outlines the specifications and features of the CISD – CSD + Price Gap Openings Indicator:

Uptrend Conditions

According to the 1-hour chart of Silver against the US Dollar (XAG/USD), the price fills the gap and then retraces upwards, closing a bullish candle above the first opposite-colored candle.

The "CISD" level forms in this condition, and the indicator marks it with a green arrow.

Downtrend Conditions

According to the 15-minute chart of the EUR/USD currency pair, the price begins its downward move after filling the price gap and closes a bearish candle lower than the first opposite-colored candle.

The CISD level in the downtrend is marked with a red arrow.

CISD – CSD + OGs Indicator Settings

The settings for the CISD – CSD + Price Gap Openings indicator are shown in the image below:

• How to show invalidation OGs: How to display invalidated zones
• Show NDOG on the chart: Show daily price gaps
• CISD break limit: Set the maximum number of allowed breaks for the CISD level before invalidation
• NDOG Color: Set the color of the daily gap zones

Conclusion

The CISD – CSD + Price Gap Openings Indicator identifies the "CISD" levels based on filling daily price gaps. The "CISD" Change in the State of Delivery direction, facilitating the identification of trend reversal zones.

This MetaTrader 5 signal and forecasting indicator marks CISD levels and considers the arrow displays as trade entry signals.