Gaps & Gapclosing (Long Running Gaps)

• 09/07/2020 at 10:27 AM #143522
  Zigo

  100 Tick graph. GapDn at 10:51:31

  Enter at 11:08 TP = low of the last candle of the gap. (I have not traded this one)

  

  Zigo

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  09/07/2020 at 10:59 AM #143536
  Zigo

  My experience is, to trade a gap, it must be open for at least 10 candles. The example above  use the Macd to enter the trade

  

  Zigo

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  09/15/2020 at 10:03 AM #144309
  Zigo

  How long does it take to close the gap?

  

  Zigo

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  09/15/2020 at 10:19 AM #144314
  robertogozzi

  I fear I cannot be of any help here.

   

  

  robertogozzi

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  09/15/2020 at 11:23 AM #144324
  GraHal

  Zigo wrote:

  How long does it take to close the gap?

  I’d put money on it that some gaps are never closed?

  Gaps  are closed because traders expect them to be closed (crowd psychology / lemmings! 🙂 ) and so Limits and Stops are set accordingly.

  The smaller the gap … the less significance the gap will have on future price  action.

  Also the more price moves on from where the gap was … the less significance the gap will have on future price  action.

  

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  09/15/2020 at 3:01 PM #144355
  Zigo

  I completely agree with you but last year (TF 30 min) all Gaps Down are closed and only 3  Gaps Up are still open, every horizontal line represent a gap (yellow gap down, green gap up).

  The gas still open

  1. 03 23 2020 (0.1 point)
  2. 04  03 2020 (138.5 points)
  3. 09 11 2020(132 points)

  

  Zigo

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  09/15/2020 at 7:40 PM #144371
  GraHal

  All 3 dates of gaps are where price was in the area of a Major Low and a recent High.

  The 11 Sep 20 gap will be closed, but the March and April 20 Gaps may not be closed! 🙂

  

  GraHal

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  09/16/2020 at 9:44 AM #144394
  Zigo

  Maybe you can help, to code for gaps which are open for more then 10 candles and less then X, to find the gaps which are worth to trade?

  What I try to become is that only the horizontale lines are showed, from those gaps, who are not closed yet. (Whatever TF it is).

  

  Zigo

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  09/16/2020 at 9:54 AM #144398
  Zigo

  All the lines

  //Gaps //Zigo //3.09.2020 c1= low[1]> high[2] c2= high[1] < low[2] if c1 then c=high[2] DRAWTEXT("Gapup", barindex[1], high +AverageTrueRange[14](close),dialog,standard, 19)coloured(255,255,255,255) DRAWHLINE(c)coloured(0,255,0,255) elsif c2 then c7=low[2] DRAWTEXT("GapDn", barindex[1], low-AverageTrueRange[14](close),dialog,standard, 19)coloured(255,255,0,255) DRAWHLINE(c7)coloured(255,250,0,255) endif return

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

  //Gaps //Zigo //3.09.2020   c1= low[1]> high[2] c2= high[1] < low[2] if c1 then c=high[2] DRAWTEXT("Gapup", barindex[1], high +AverageTrueRange[14](close),dialog,standard, 19)coloured(255,255,255,255) DRAWHLINE(c)coloured(0,255,0,255) elsif c2 then c7=low[2] DRAWTEXT("GapDn", barindex[1], low-AverageTrueRange[14](close),dialog,standard, 19)coloured(255,255,0,255) DRAWHLINE(c7)coloured(255,250,0,255) endif   return

   

  

  Zigo

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  09/17/2020 at 9:55 AM #144512
  Zigo

  The 11 september gap has been closed

  

  Zigo

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  10/19/2020 at 4:25 PM #147776
  Zigo

  Gap this morning.

  

  Zigo

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  10/19/2020 at 4:26 PM #147777
  Zigo

  Gap closed in the afternoon

  

  Zigo

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