Max Value Gap [MOT]

30 Haz

📊 Max Value Gap [MOT] — Intraday Fill Zones + Stats Dashboard
Max Value Gap [MOT] is a real-time gap fill detection system that visualizes institutional-style intraday price inefficiencies on major indices like SPX and NDX. Built for scalpers and short-term traders, it helps identify prime reversal areas where price is likely to return — often within the same session.

This script tracks U.S. regular market hour gaps only (9:30 AM to 4:00 PM ET) and is designed for high-precision execution on the 1-minute chart.

🧠 What Is an SPX Intraday Gap?
An SPX intraday gap occurs when the market creates a void between candles due to rapid price movement — often following volatility spikes, liquidation breaks, or aggressive buyer/seller imbalances. These unfilled zones act like magnetic targets, drawing price back into them as liquidity rebalances.

Unlike overnight gaps, these are formed and resolved within the same session, making them ideal for intraday strategies.

🔍 Key Features
✅ 1. Automatic Gap Detection

• Scans only during official U.S. equity market hours (9:30 AM – 4:00 PM EST)
  
• Gap Up: A green candle opens above the previous high
  
• Gap Down: A red candle opens below the previous low
  
• Each valid gap is outlined using colored boxes:
  
  • 🟩 Green Box = Gap Up
    
  • 🟥 Red Box = Gap Down
    

📸 Image : Chart with both green and red boxes marking gaps on SPX.

✅ 2. Dynamic Gap Zone Tracking

• Once a gap is identified, the box extends forward until price fills the zone
  
• A gap is considered filled when:
  
  • Price trades back into the gap zone
    
  • For gap ups: price crosses below the bottom of the gap
    
  • For gap downs: price crosses above the top of the gap
    
  • Users have the option to auto-delete filled boxes for clarity
    

📸 Image: Chart with price re-entering and completing a gap fill with box extending only until that point.

✅ 3. Real-Time Statistics Table
Located in the bottom-right of your chart, the built-in dashboard shows:

• Total gaps formed
  
• Gaps filled intraday
  
• Gaps filled same day
  
• Percentages of successful fills
  

📸 Image: Picture of statistics table

This live table helps assess whether the current day’s gaps are behaving in line with historical probabilities — no guesswork required.

🔄 Futures Execution Strategy
While the gaps are plotted on the SPX (or index) chart, the actual trades are taken on MNQ, NQ, or ES, using the gap levels as entry targets.

Sample Trading Flow:

1. A gap down forms on SPX at 1:45 PM (EST)
   
2. Price starts showing reversal signs back toward the gap
   
3. Enter long MNQ or NQ targeting a move into the gap zone
   
4. Take profit once price fully fills the zone
   
5. Repeat throughout the session — trend or chop, gaps are a magnet
   

This method mirrors institutional mean reversion techniques, capitalizing on market inefficiencies without chasing momentum.

📸 SPX Gap Being Filled with Corresponding MNQ Move Overlay

✅ Best Practices

• Works best during morning session volatility (9:30–11:30 AM ET)
  
• Combine with reversal candles or momentum tools for high-quality entries
  
• Avoid during low-volume lunch chop unless tracking larger gap zones
  
• Use on SPX while executing trades on MNQ/NQ/ES
  

⚠️ Disclaimer
This script is provided for educational and informational purposes only. It does not offer investment advice or trade signals. Past performance does not guarantee future results. Use appropriate risk management. Redistribution or resale is strictly prohibited.

6 Tem

Sürüm Notları

v1.1 Update – Alerts, Visibility Filter, Bug Fixes

1. Added alert conditions for both Gap Up and Gap Down detection
   
2. Fixed issue where filled gaps were not always marked as closed
   
3. Added toggle to only show gaps near the current price
   
4. Includes a setting to define the maximum number of points from price to display a gap
   

All gap data continues to be tracked accurately while the new visibility filter helps reduce chart clutter.

18 Tem

Sürüm Notları

Release Notes V1.1
- Bug fixes with gap box color changes
- Added toggle for after-hours gaps