CM_Gap_Indicator_Intra-Day_V2.1 by ChrisMoody

chrismoody gaps

CM_Gap_Indicator_Intra-Day_V2.1

Updated Intra-Day Gap Indicator.

Version 2.1…Many Additional Features To Come.

***Designed for Intra-Day Charts.
***Great for Stocks…Forex and Futures Sunday Night Gaps.

***Plots Green Lines If Gap Up (See Added Features Below)
***Plots Red Lines If Gap Down

MAJOR Feature Added:
***Added Check Boxes In Inputs Tab That Let’s You Choose if You Want To See All Gaps, Or Only Gaps That Open Above/Below Previous Days High/Low

Other Features Added:
***Gap Mid Lines
***Color Fill Based On Gap Up Or Down

Additional Features Coming!!!

Coming Soon: www.ChrisMoodyTrading.com

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?

//Created By ChrisMoody on 1-15-2015
//Version 2...added ability to Choose if Gap Up or Down Plots based on Open Being Above/Below Close OR Open Being Above/Below Previous Days High/Low
//Added Shading based on Gap Up or Down

study(title="CM_Gap_Indicator_Intra-Day_V2.1", shorttitle="CM_Gaps_Intra-Day_V2.1", overlay=true)

guc = input(true, title="Gap Up Criteria - IF CHECKED = Open is > Than Previous Days CLOSE, If NOT CHECKED = Open is > than Previous Days HIGH")
gdc = input(true, title="Gap Down Criteria - IF CHECKED = Open is < Than Previous Days CLOSE, If NOT CHECKED = Open is < than Previous Days LOW")

//Criteria using Daily Sessions
tdo = security(tickerid, 'D', open)
pdc = security(tickerid, 'D', close[1])
pdh = security(tickerid, 'D', high[1])
pdl = security(tickerid, 'D', low[1])

midLine = abs((pdc + tdo)*.5)

gapUpPct = guc and tdo > pdc ? tdo > pdc : tdo > pdh

plotGapUpLine = gapUpPct == 1 ? tdo : na
plotGapUpLowLine = gapUpPct == 1 ? pdc : na
plotGapUpMidLine = gapUpPct == 1 ? midLine : na

gapDnPct = gdc and tdo < pdc ? tdo < pdc : tdo < pdl

plotGapDnLine = gapDnPct == 1 ? tdo : na
plotGapDnUpLine = gapDnPct == 1  ? pdc : na
plotGapDnMidLine = gapDnPct == 1 ? midLine : na

p1 = plot(plotGapUpLine, title="Gap Up - Upper Gap Line, Todays Open", style=circles, linewidth=3, color=lime)
p2 = plot(plotGapUpLowLine, title="Gap Up - Lower Gap Line, Yesterdays Close", style=circles, linewidth=3, color=lime)
plot(plotGapUpMidLine, title="Gap Up - Mid Line", style=circles, linewidth=2, color=gray)
fill(p1, p2, color=green, transp=70)

p3 = plot(plotGapDnLine, title="Gap Down - Lower Gap Line, Todays Open", style=circles, linewidth=3, color=red)
p4 = plot(plotGapDnUpLine, title="Gap Down - Upper Gap Line, Yesterdays Close", style=circles, linewidth=3, color=red)
plot(plotGapDnMidLine,  title="Gap Down - Mid Line", style=circles, linewidth=2, color=gray )
fill(p3, p4, color=red, transp=85)