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Gappers - Closed gaps analysis

Hey all,

trading the week-end gap on monday is a well known trading technique, praised by most and ignored by others

With my script you can easily see where there have been monday gaps and see where these gaps has been closed on monday

If a gap is present the script shows a WHITE SQUARE

if a gap is present and is filled on monday candle it shows WHITE SQUARE + "GAP CLOSED"

You can also set the threshold for the gap (first parameter)

and set the threshold of how near last candle close your TP is

Defaults are 1.001 for gap and 1.001 for closed TP (for gap 1.0019 takes in account only big gaps)

Enjoy and tell me what you think

Cheers!

Lorenzo

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Lollo22

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Lollo22