Indicator to show unclosed gaps

Christine Ōwada · 2017-01-08T01:39:53+00:00

Hi, so far I have written a little indicator to show Gaps. But I want already closed gaps not to be shown, only the gaps that are still open. Though I find it a bit complicated, anyone any algorithm idea? Thanks in advance, Chris

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01/08/2017 at 2:39 AM #20152 quote

Christine Ōwada
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Hi, so far I have written a little indicator to show Gaps. But I want already closed gaps not to be shown, only the gaps that are still open. Though I find it a bit complicated, anyone any algorithm idea? Thanks in advance, Chris

01/08/2017 at 8:38 AM #20154 quote

JC_Bywan
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Hello,
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01/08/2017 at 12:01 PM #20162 quote

Elsborgtrading
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Veteran

Hi Christine. There are some Gap screener code in the Screener library that could be useful. Perhaps you could share your indicator code- it would be more useful if any suggestion should be made. Cheers Kasper

01/12/2017 at 12:03 AM #20804 quote

Christine Ōwada
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Thanks for the feedback 😉 Indicator to find open gaps: dx = 0.0001gap = 0 IF Low > High[1] +dx Then gap = 1 IF High <Low[1]+dx then gap = -1 return gap AS “opengaps” I searched the screener library but I only found screeners that search open gaps, but no tests were made to see if the gap was closed. What is the condition for a closed upgap? UPgab between candle A und B. Check if a future candle has a low <high[A]?

01/12/2017 at 3:20 PM #20873 quote

Nicolas
Keymaster

Legend

Christine Ōwada wrote:
Check if a future candle has a low<high[A]
Yes, this could be a solution, but if a new upgap appears, the information about the old one will be erased and stored with this new gap. Is this a problem?

02/02/2017 at 9:47 PM #23703 quote

Christine Ōwada
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Thanks for the help!
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