Gap Gain Test V1.0 by @overratedtrader

Oddball indicators for entertainment purposes only. This is best used on daily chart.

Look at the 20 ALMA to gauge likelihood of stock following its up or down gap.
- if above the 20 ALMA , follow the gap direction
- if below the 20 ALMA , take counter trend trade

If stock gaps up AND closes higher than it opens, that gain % (close/open) is colored green and if stock gaps down and closes lower than it opens, that gain % (close/open) is colored green

Conversely if the stock gaps up BUT closes lower than it opens, red and if a stop gaps down but closes higher than it opens, red.

Enjoy and follow me on twitter OverratedTrader for more nonsensical and out-of-the-box ideas.