MindTheGap

Category: market_structure, volatility

Detects price gaps between the close of the previous candle and the open of the current candle, specifically identifying gaps beyond a user-defined threshold.

Formula

Gap\_Up = (Open[0] - Close[1]) \ge threshold \\ Gap\_Down = (Close[1] - Open[0]) \ge threshold

Inputs

• GAP (default: 10)
• SHIFT (default: op)
• DRAW (default: Arrows)
• SIZE (default: 2)
• COLOURUP (default: clrMediumTurquoise)
• COLOURDW (default: clrViolet)
• DOJI (default: Yes)
• COLOURDJ (default: clrYellow)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.