Summary of Opening Gaps + Breaker (ICT) Indicator for MetaTrader 4/5 Download - Free [TradingFinder]

The video presents the Opening Gaps + Breaker Indicator, designed specifically for the ICT (Inner Circle Trader) trading style, and available for MetaTrader 4 and 5 platforms via the TradingFinder website. This indicator helps traders identify and visualize daily and weekly opening gaps on price charts, which are crucial support and resistance levels used in ICT trading strategies.

Main Financial Strategies and Concepts:

Opening Gaps Identification: The indicator automatically detects the gap between the previous day's closing price and the current day's opening price, marking these as support (green areas) or resistance levels.
Support and Resistance Dynamics: When price breaks through a support or resistance level, the nature of that level reverses (support becomes resistance and vice versa). This change is visually represented by color changes on the chart (e.g., green to brown).
Breaker Concept: A "breaker" occurs when price closes beyond a support or resistance range, confirming the level’s nature change. If the level is broken a second time, it becomes invalid and is removed from the chart.
Daily vs Weekly Gaps: The indicator can be customized to display daily or weekly opening gaps, with adjustable periods for analysis (e.g., 10 periods for weekly gaps).

Methodology / Step-by-Step Guide to Using the Indicator:

Download the indicator file for MetaTrader 4 or 5 from the TradingFinder website.
Apply the indicator to the chart by dragging it from the Navigator section onto the chart.
Enable the indicator by checking the appropriate box and confirming.
Observe the indicator automatically drawing green boxes on the chart to highlight daily or weekly opening gaps.
Use the green zones as potential support levels for trading decisions.
Monitor for price breaks of these zones; when a break occurs, the indicator changes the color of the zone to brown to indicate a shift from support to resistance or vice versa (breaker event).
Customize settings in the input section:
- Set the period for displaying daily opening gaps.
- Enable/disable daily gap display.
- Set the period for weekly opening gaps.
- Enable/disable weekly gap display.
- Choose how the open gap boxes are drawn (e.g., four-line mode with dotted extensions).
Watch for breaker events and note when levels become invalid after a second break, leading to their removal from the chart.

Business Trend:

The indicator supports ICT trading style, which emphasizes price action around opening gaps and breaker levels, reflecting a growing trend in algorithmic and indicator-based trading tools that automate complex market structure analysis for retail traders.

Presenters / Sources:

The tutorial is presented by the TradingFinder team, with the indicator developed by Reiker.

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