This script identifies when price gaps up and gaps down, represented by green and red box icons respectively.
Future enhancements to this script will work across Candle charts and will indicate the size of the script, perhaps with more prominent colours.
Please suggest improvements as you see fit. Thanks, and enjoy.
Catatan Rilis
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This shows gaps up and gaps down, plotting green and red squares respectively, at the foot of the chart.
Future enhancements will make this work on Candle charts too.
Any feature requests or feedback please shout.
Thanks and I hope this is useful to you.
Catatan Rilis
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This version of the script will work on Candlestick and Bar charts.
The most powerful gap indicators are where there is a clean fresh-air gap with no wick or tail crossovers as most often seen on candlesick charts. Such gaps are noted primarily on Bar charts. These more powerful gaps are represented as green and red squares shown at the TOP of the screen, to show gaps up and gaps down, respectively.
The gap indicators most used on Candlestick charts appear along the BOTTOM of the screen.
Catatan Rilis
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Comments on screenshot added for clarity.
Catatan Rilis
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Restricted to be useful on Bar charts only, also put gap indicators on bottom of chart
Dots = volume spikes
Arrow = Price move of 3% + Vol. Spikes
Green Candle = Gap-up day