Opening Gaps + Breaker (ICT) Indicator for MetaTrader 5 Download - Free

The Opening Gaps + Breaker Indicator is one of the MetaTrader 5 indicators that automatically detects daily gaps and marks them as support and resistance levels on the chart.

Initially, support zones are displayed in gray, and resistance zones in red. When these areas are broken, their color changes to purple, indicating a breaker block.

Specifications of the Opening Gaps + Breaker Indicator

The table below highlights the key features of this indicator:

Indicator in an Uptrend

In the GBP/CHF currency pair, a previously resistance zone is broken after the indicator identifies a price gapnd transforms into a support level.

The indicator then changes the color of this breaker block to purple, reflecting the updated status.

Indicator in a Downtrend

In the 15-minute EUR/GBP chart, the indicator initially identifies a support zone. After a price retracement, the level is broken, and the indicator recognizes the breaker block, shifting its role from support to resistance.

Opening Gaps + Breaker Indicator Settings

The following image showcases the settings for the Opening Gaps + Breaker Block Indicator:

• New Day Opening Gap Duration: Duration to analyze the new day’s gap
• New Day Opening Gap: Display the new day’s opening gap
• New Week Opening Gap Duration: Duration to analyze the new week’s gap
• New Week Opening Gap: Display the new week’s opening gap

Conclusion

The Opening Gaps + Breaker Block Indicator automatically detects New Day Opening Gaps (NDOG) and New Week Opening Gaps (NWOG), marking them as support or resistance levels on the chart.

This indicator is a powerful tool for traders using ICT strategies and Smart Money concepts.