Gap greater than 0.7%

Oliviertrader2020 · 2020-07-04T16:35:15+00:00

Hello, I would like to create a condition when a gap of more than 0.7% (between the previous day’s closing and the opening of the day) appears on the market. My goal is to make it a condition to program a strategy that will only take trades with Proorder on directional days with large gaps, and extreme openings with volume. I was able to code a gap indicator but as soon as I try to put a % variation it doesn’t work. Can someone help me? C1 = variation (dopen(0) > dclose(1))* 0.5

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07/04/2020 at 5:35 PM #138404 quote
Oliviertrader2020
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Hello, I would like to create a condition when a gap of more than 0.7% (between the previous day’s closing and the opening of the day) appears on the market.
My goal is to make it a condition to program a strategy that will only take trades with Proorder on directional days with large gaps, and extreme openings with volume.
I was able to code a gap indicator but as soon as I try to put a % variation it doesn’t work.
Can someone help me?
```
C1 = variation (dopen(0) > dclose(1))* 0.5
```
07/04/2020 at 6:38 PM #138410 quote
Oliviertrader2020
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Average
```
C1 = variation (dopen(0) > dclose(1))* 0.7
```
07/04/2020 at 7:14 PM #138411 quote
robertogozzi
Moderator

Legend
VARIATION cannot be used because it makes the difference between the same price on different candles. Also you used a logical value instead of a price.

Try this:
```
x   = dopen(0) - dclose(1)
y   = x * 100 / dclose(1)
C1 = (y >=  0.7)
```
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07/04/2020 at 7:21 PM #138413 quote

GraHal
Participant

Master

Roberto beat me to it and I’ve no doubt did it correctly! 🙂

Mods

this post can be deleted please

robertogozzi: let’s keep it

Oliviertrader2020 thanked this post

07/04/2020 at 8:05 PM #138418 quote

Oliviertrader2020
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Thank you so much @robertogozzi and @GraHal !

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