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Opening Gap

DavidB · 2020-01-21T18:30:27+00:00

High I am interested in trying to code a simple trading strategy using the 5 minute time frame. That you would buy the Dax on the close of the first 5 minute candle if there was a opening gap greater than 40 points. How do you bring the previous days close into the calculation. My thoughts? Dclose > open [40] David

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Opening Gap

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01/21/2020 at 7:30 PM #117442 quote

DavidB
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Junior

High I am interested in trying to code a simple trading strategy using the 5 minute time frame. That you would buy the Dax on the close of the first 5 minute candle if there was a opening gap greater than 40 points. How do you bring the previous days close into the calculation.

My thoughts?

Dclose > open [40]

David

01/21/2020 at 10:47 PM #117462 quote
robertogozzi
Moderator

Legend
```
If (Open > (DCLOSE(1) + 40 * Pipsize)) and (IntraDayBarIndex = 0) then
```
this (not tested) checks that the opening of a candle is 40+ pips higher than previous day’s close on the first bar of any new day.

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Opening Gap

ProBuilder: Indicators & Custom Tools

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DavidB @davidb Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
6 years, 8 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	01/21/2020
Status:	Active
Attachments:	No files

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Opening Gap

Stuck on this ProBuilder code?

Opening Gap ProBuilder: Indicators & Custom Tools

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Opening Gap

ProBuilder: Indicators & Custom Tools