Gaps & Gapclosing (Long Running Gaps)

• 08/28/2020 at 5:13 PM #142853
  Zigo

  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.

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/28/2020 at 5:15 PM #142854
  Zigo

  Attachement

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/28/2020 at 5:31 PM #142856
  Zigo

  There was a gap into between. (see attachement)

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/28/2020 at 8:31 PM #142865
  GraHal

  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!? 🙂

  

  GraHal

  Participant

  Topics: 214

  Replies: 8801

  Been thanked: 2193 times
  08/28/2020 at 9:50 PM #142871
  Zigo

  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.

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/28/2020 at 9:55 PM #142872
  Zigo

  Therefore all experiences are welcome.

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/29/2020 at 9:33 AM #142884
  GraHal

  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! 🙂

  

  GraHal

  Participant

  Topics: 214

  Replies: 8801

  Been thanked: 2193 times
  08/30/2020 at 7:45 PM #142990
  Zigo

  GapSearching

  //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

  1 2 3 4 5 6 7 8 9 10

  //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?

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/30/2020 at 8:21 PM #142995
  Zigo

  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.

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/30/2020 at 8:33 PM #142997
  Zigo

  Correction GapSearching

  //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"

  1 2 3 4 5 6 7 8 9 10

  //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"

   

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  08/31/2020 at 8:16 AM #143026
  Zigo

  //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

  1 2 3 4 5 6 7 8 9 10

  //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

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  09/04/2020 at 10:43 AM #143359
  Zigo

  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).

   

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  09/04/2020 at 10:57 AM #143361
  Zigo

  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.

   

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  09/04/2020 at 10:58 AM #143363
  Zigo

  Closing the green Gap.

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
  09/07/2020 at 10:05 AM #143515
  Zigo

  Last GapDn TF(week) closed last week.

  

  Zigo

  Participant

  Topics: 24

  Replies: 343

  Been thanked: 63 times
• Author
  Posts