Gaps & Gapclosing (Long Running Gaps)

Viewing 15 posts - 1 through 15 (of 27 total)

1 2 →

Author

Posts
08/28/2020 at 5:13 PM #142853 quote

Zigo
Participant

Master

I want to know more about “GAPS”.

Today I have used a 11 tics graph on the DJ, to evaluate one of my own indicators. Instead of evaluating the Indicator I saw a gap(down) at 15u54:54 (price 28590.59). At about 16u00, there were several tries to close the gap, but gapclosing failed.

About 2 hours later, the gap has been closed at 17u37:17 . The lowest low in between (opening the gap and closing the gap) was 28484, more than 100 pips.

There was a gap in the opposite direction (gap up) at 28520 points at 17u04:42, the gap is stil open. If the gap will be close, it would be at this moment about 90 pips.

08/28/2020 at 5:15 PM #142854 quote

Zigo
Participant

Master

Attachement

DOW-11-Ticks-Gaps.png

08/28/2020 at 5:31 PM #142856 quote

Zigo
Participant

Master

There was a gap into between. (see attachement)

DOW-11-Ticksgaps.png

08/28/2020 at 8:31 PM #142865 quote

GraHal
Participant

Master

I can’t understand where you are getting, to use one example … the gap up at 28520 points at 17u04:42 being 90 points?

Wouldn’t 28520 + 90 = 28610? Whereas the gap looks more like 28520 + 0.9 ish??

It’s probably me not thinking straight as I am suddenly feeling very tired!? 🙂

08/28/2020 at 9:50 PM #142871 quote

Zigo
Participant

Master

Its only my opinion, but I think that everyone knows what a gap is? What I want to say, with the examples, is that the distance between the gap and the Highest high or the lowest low, can be as much as 100 points, before closing the gap. Only on this small TF.

Long running gaps is not meaning long in time, but long in number of candles in the same TF. Most of the gaps are closed whitin a few minutes. The ambition is, to recognize gaps depending on a particular timeframe for only one instrument at your choise. A kind of screening on time.

I know for example that runaway gaps need more candles than small gaps, to close the gap. I know also that there is a correlation between TF and frequency of gaps. A TF of 11 tics can give up to 50gaps a day, wheras a TF of 30min give rarely a gap a day. Therfore all expierces. Depending on the TF one can scalp or trade longtime frames.

08/28/2020 at 9:55 PM #142872 quote

Zigo
Participant

Master

Therefore all experiences are welcome.

08/29/2020 at 9:33 AM #142884 quote

GraHal
Participant

Master

Zigo wrote:

the distance between the gap and the Highest high or the lowest low, can be as much as 100 points

Ah gotcha … I understand now … my long sleep did me good and also your explanation above! 🙂

08/30/2020 at 7:45 PM #142990 quote
Zigo
Participant

Master
```
//Gaps
c1= low[1]> high[2]
c2= high[1] < low[2]
if c1 then
DRAWTEXT("Gapup", barindex[2], high +AverageTrueRange[14](close))coloured(255,255,255,255)
elsif c2 then
DRAWTEXT("GapDn", barindex[2], low-AverageTrueRange[14](close))coloured(255,255,0,255)
endif

return gapup, gapdn
```
The code for gapsearching is perhaps not ideal, and is shown as an indicator,but could be the beginning of a screener for gapSearching at a particular timeframe, but I don’t know how to begin.Maybe it should be in another forum?

DAX-144-SecondenGapSearching.png
08/30/2020 at 8:21 PM #142995 quote

Zigo
Participant

Master

Except one gap down (7u07:12), they are all closed.

I ‘l triing to have a code(alert), at the moment the gaps will be closed.

DAX-144-SecondenGaps.png

08/30/2020 at 8:33 PM #142997 quote
Zigo
Participant

Master
```
//Gaps
c1= low[1]> high[2]
c2= high[1] < low[2]
if c1 then
DRAWTEXT("Gapup", barindex[1], high +AverageTrueRange[14](close))coloured(255,255,255,255)
elsif c2 then
DRAWTEXT("GapDn", barindex[1], low-AverageTrueRange[14](close))coloured(255,255,0,255)
endif

return c1 as"Gapup",c2 as"gapDown"
```
DAX-144-SecondenGaps-1.png
08/31/2020 at 8:16 AM #143026 quote
Zigo
Participant

Master
```
//Gaps
c1= low[1]> high[2]
c2= high[1] < low[2]
if c1 then
DRAWTEXT("Gapup", barindex[1], high +AverageTrueRange[14](close),dialog,standard, 12)coloured(255,255,255,255)
elsif c2 then
DRAWTEXT("GapDn", barindex[1], low-AverageTrueRange[14](close),dialog,standard, 12)coloured(255,255,0,255)
endif

return
```
In fact, Line 10, need only the text at line 5 and at line7
09/04/2020 at 10:43 AM #143359 quote

Zigo
Participant

Master

I have wrote a code for “GapSerching” see at my topics and maybe later in the library. So far so good. In the attachement you can see an example of a gapup (green text and green lines) and a gapdn(yellow text and lines).

Will it be possible to code only the lines from gaps, who are not jet closed after, let say 10 candles or more.(most of the gaps are closed whitin a few candles).

An open gap, has to be closed in the same TF (also TickF and VolumeF).

Gaps.png

09/04/2020 at 10:57 AM #143361 quote

Zigo
Participant

Master

In the attachements, a very fast TF (8 ticks), that take more than 5 minutes to close.

There are several gaps up, but closed whitin a few candles, except the one in the green cirkel is open. The gap, close about 6 minutes later as you can see in the attachements.

GapOpen.png

09/04/2020 at 10:58 AM #143363 quote

Zigo
Participant

Master

Closing the green Gap.

Gapstory.png

09/07/2020 at 10:05 AM #143515 quote

Zigo
Participant

Master

Last GapDn TF(week) closed last week.

DOW-WeekGap.png
Author

Posts