Reply To: Gap Identifier tool

[Darren]

Hi Jeff,

I suspect those horizontal lines may have been drawn manually, although we can use the following to identify gaps:

Gap up: OPEN() > HIGH()[1] and LOW()>HIGH()[1]

Gap down: OPEN() < LOW()[1] and HIGH()<LOW()[1]

These will identify individual bars, as the per the Show Bar tools here:

However, we could then draw the price levels using a Show Plot to see if they were crossed. Here’s the levels for gap ups:

//Gap Up; V1=OPEN() > HIGH()[1] and LOW()>HIGH()[1]; //Get value of high candle before the gap: VALUEWHEN(HIGH()[1],V1)

1 2 3 4 5 6

//Gap Up; V1=OPEN() > HIGH()[1] and LOW()>HIGH()[1]; //Get value of high candle before the gap: VALUEWHEN(HIGH()[1],V1)

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Jeffrey A.