Price-Gap Semaphore Signals in the i-GAP Indicator

Summary

This brief description introduces i-GAP, a semaphore-style indicator that generates signals when price gaps appear. It identifies the creator and notes that an earlier version was implemented in MQL4 and published in 2008. The document does not explain how gaps are defined, how signals are calculated, or how traders might use them to enter or exit positions.

No backtest, market examples, performance figures, or risk analysis are provided. The description therefore offers only the indicator’s basic purpose, not evidence that its signals predict price movements or form a profitable strategy. Traders would need to consult the implementation and evaluate it against their own markets, timeframes, and trading costs before drawing conclusions.

Key ideas

• The indicator is designed to generate semaphore signals when price gaps occur.
• The document does not specify the gap criteria or signal calculation.
• It provides no performance evidence or guidance for trading the signals.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.