Breakaway Gaps and Breakaway Areas | Arjoio

This indicator highlights potential Break-Away Gaps (BAGs) by combining key elements of market structure into a concise visual tool. It identifies significant price gaps while tracking swing highs and lows, then evaluates if those gaps are likely to drive a strong directional move. Here’s how it works:

- It scans for Fair Value Gaps (FVGs) that form when recent highs or lows create noticeable separations in price.
- It monitors swing points to mark crucial turning zones where price has previously reversed or paused.
- When a gap is detected, the tool checks if the recent pullback activity and current market structure support a move toward an important target, rather than a simple retracement.
- The indicator uses color-coded visual cues to distinguish between bullish and bearish conditions, shading key areas and marking breakaway zones that meet its criteria.

The indicator blends the detection of gap areas, dynamic swing analysis, and pullback validation to signal when a gap is most likely to lead to a sustained move.