Indicator Guide

GapSniper: Complete Setup Guide

GapSniper automates the identification and trading of fair value gaps -price imbalances created by aggressive institutional order flow. The indicator detects gaps as they form, tracks them in real time, and waits for a qualified retest before generating a signal.

What It Does

Built-in directional filters ensure trades align with the prevailing trend, while configurable strictness settings let you dial in signal frequency. Every signal comes packaged with precise stop-loss and take-profit levels derived from the gap boundaries and your chosen risk-reward ratio, so you can execute consistently without manual calculations.

Key Features

Automatic Gap Detection

Identifies bullish and bearish fair value gaps as they form, highlighting price imbalances where institutional order flow has left unfilled orders waiting to be revisited.

Smart Retest Signals

Waits for price to return and touch the gap zone, then generates a signal only when retest conditions are met within a configurable window.

Built-In Risk Management

Each signal comes with automatically calculated stop-loss and take-profit levels based on the gap boundaries and your chosen reward-to-risk ratio.

Directional Filtering

Incorporates trend context through moving average and premium/discount zone awareness, ensuring signals align with the broader market direction.

Settings & Parameters

Key settings you can configure in TradingView.

Parameter	Type	Default	Description
Enter Within X Candles	int	7	Number of candles after gap formation within which a retest must occur for a valid signal.
Strictness	int	1	Controls how strict the retest validation is. Higher values require more precise gap retests.
Use Highest/Lowest for Entry	bool	true	Uses the highest or lowest point of the entry candle for more conservative entry placement.
RR (Risk-Reward)	float	1.7	The reward-to-risk ratio used to calculate take-profit distance from the entry.
Stop At	string	GAP Near	Determines where the stop-loss is placed relative to the gap structure.
SL Offset	float	0.1	Additional offset added to the stop-loss placement for extra breathing room.

How to Use It

Understand Gap Formation

GapSniper detects fair value gaps as they form -three-candle patterns where the middle candle creates an imbalance. The indicator tracks these gaps and waits for price to return to them.

Wait for the Retest Signal

Don't anticipate entries. Wait for the indicator to confirm a qualified retest with a Buy or Sell label. The signal means price has returned to the gap within the allowed window.

Execute with Built-In Levels

Each signal includes automatic SL and TP levels. Use these directly as your order levels for consistent execution without manual calculation.

Adjust Risk-Reward to Your Style

The default 1.7 RR works for most setups. Increase it for larger targets (fewer winners but bigger gains) or decrease for higher win rate (smaller but more frequent gains).

Best Practices

Keep Strictness Low Initially

Start with Strictness 1 to see the full range of signals. Increase it if too many signals fire or if you want to focus only on the cleanest gap retests.

Respect the Candle Window

The Enter Within X Candles parameter exists because gaps lose relevance over time. Stale gaps that haven't been retested within the window are less likely to produce quality reactions.

Don't Override the Stop-Loss

The built-in SL is calculated from the gap structure. Moving your stop further away defeats the purpose of the indicator's risk management system.

Related Indicators

Buy & Sell Signals

GapHunter MTF

A multi-timeframe gap inversion strategy that aligns higher timeframe fair value gaps with lower timeframe inverse FVG reclaims to generate high-confluence Buy and Sell signals.