Get started
INVITE-ONLY SCRIPT

Gap Analyzer [WMT] - Data for Gap Up and Gap Down

By WirmachenTrader
Updated
Get data for gaps with Gap Analyzer

  • Change the gap mode in settings to switch between a Gap Up (default) or Gap Down
  • Change the threshold for the minimum (Gap Up) and maximum (Gap Down) gap
  • Change Data Years -> Years of the look back period to calculate the stats
  • Retrieve valuable information for past statistics on how the instrument behaved with the given gap


Definitions for Gap Up
  • Price can fade lower from the open or (Gap Up Fade)
  • Price can continue higher from the open (Gap Up Continuation)


Definitions for Gap Down
  • Price can continue lower from the open or (Gap Down Continuation)
  • Price can bounce higher from the open (Gap Down Bounce)


For each of those, we get:
  • "øO→H": average percentage movement from open to high of the day
  • "øO→L": average percentage movement from open to low of the day
  • "øO→C": Average percentage movement from open to close of the day
Release Notes
  • Fixed input threshold for down gaps to maximum of -0.1
Release Notes
Optimization
  • Switch Mode changed to "Gap Mode" and can now be changed via drop down for better UI. Thanks to rn1ee for this idea.
  • New label for DataYears: "Evaluation Period".
Chart patternsforecastinggapgapdowngapfillgapupscriptstatisticstatisticsstatsWMT

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact WirmachenTrader for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

″This script is available via our website. The link can be found in our profile.

Want to use this script on a chart?

Warning: please read before requesting access.
WirmachenTrader
Erfolgreich traden lernen.
wirmachentrader.de
Also on:

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.