Woah! This thing identifies SPY gappers!
Updated
So previously, I released an indicator called "Bunch of Numbers", believing that it was pretty useless. BUT guess what? It turns out that SPY gappers (up and down) have pretty similar sequence of numbers.
WARNING: these same numbers have also caused SPY to gap down!! A "Bart" pattern with these numbers at the end will almost always be a gap down.
My methodology:
1) 3 minute chart
2) has to be within 15 minutes of close. Some of these only appear in the last 3 minutes of close.
3) 7's at the bottom of the screen signify that price is touching the 200MA on the 3minute chart.
4) There is no logic or reason behind why a number is labeled "9" instead of "5". It's just a label that the programming gave to a set of conditions. I could have easily labeled these candles with the alphabet
5) Like I said, these same numbers have been known to also GAP DOWN><
WARNING: these same numbers have also caused SPY to gap down!! A "Bart" pattern with these numbers at the end will almost always be a gap down.
My methodology:
1) 3 minute chart
2) has to be within 15 minutes of close. Some of these only appear in the last 3 minutes of close.
3) 7's at the bottom of the screen signify that price is touching the 200MA on the 3minute chart.
4) There is no logic or reason behind why a number is labeled "9" instead of "5". It's just a label that the programming gave to a set of conditions. I could have easily labeled these candles with the alphabet
5) Like I said, these same numbers have been known to also GAP DOWN><
Note
Note
OOPS. Kindly disregard that first image. As you can see, most of the gap ups will have 7's, 9's, 3's , 1's
I only went back as far as May, but I am sure the rest will all look like this.
Note
Here's a bonus tidbit: it works on all time frames
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