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                                                   Logic for GapUp() & GapDown() functions

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Obuli Govindaraju
2012-01-18 16:09:15


What is the logic for Logic for GapUp() & GapDown() functions?

When I plot a using "PlotArrow(GapUp(),"Up",BelowLow,colorBlue)". I am not seeing the results I expect to see.

For example does GapUp() returns 1 only when a price gaps up and the gap is not closed the same day???


QuantShare
2012-01-19 05:27:01

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Best Answer
Yes, that is what GapUp indicator returns.

It returns 1 if today's low is higher than yesterday's high.

Are you looking for a different indicator?


Obuli Govindaraju
2012-01-19 11:08:45

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That is interesting because I thought a gap up is defined if today's open is greater than yesterday's close.


umair
2013-02-06 17:26:05

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umair
2013-02-06 17:26:50

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I agree w/ Obuli


umair
2013-02-06 17:34:35

  0

But I think this could be the solution:

HistoPrice(_Open,0) > HistoPrice(_close,1); for Gap up

HistoPrice(_Open,0) < HistoPrice(_close,1); for Gap down


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