DAX GAPS — Indicator by AleksanderThor

gap gaps gapzone dax gaptrading

If you are interested in trading gaps in DAX, then DOW plotted in DAX's trading hours, will help you know whether the smoothed candle was a gap or not. Use a different script to plot yesterday's closing price. This will help you see the target for the gap close. Let me know if you find it helpful or not!

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

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Want to use this script on a chart?

study("DOW GAP")
higherRes = input("15", type=resolution) 
is_newbar(res) =>
    t = time(res)
    change(t) != 0 ? 1 : 0
o = security("US30", higherRes, open)
h = security("US30", higherRes, high)
l = security("US30", higherRes, low)
c = security("US30", higherRes, close) 
plotcandle(is_newbar(higherRes) ? o : na, h, l, c, color=c >= o ? lime : red)