OPEN-SOURCE SCRIPT

ka66: Gap Markers

1 705
Marks bars having opening gaps, in either direction. Essentially where the opening price != closing price. The reference price defaults to close, but is configurable as an arbitrary source.

Larger gaps are easy to see visually but microgaps are more interesting, and indicate stronger shifts in sentiment, where enthusiasm towards a direction is increasing. They often signify the beginnings of strong trends.

Another signal when comparing open to high/low is a climactic type buy/sell.

Gapping is quite common in stocks, but not so much in 24H markets like Forex. It is expected this indicator has a much stronger value in these markets.

This indicator places up/down marks at the bottom of a chart, the rarity of these markers is a stronger signal than a higher frequency of occurrence.

Daily charts are likely the best spot for this indicator. Weeklies will almost always have gaps.

As usual, this is just one datapoint to consider among a confluence of others to verify a hypothesis.

Microgap Idea Credit, Price Action Course

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.