Get started
aaronmefford

Daily Opening GAP

aaronmefford  
Pivot points and levels Chart patterns gap gapfill
130
3
pivotpointsandlevels chartpatterns gap gapfill
Plots the daily opening gap as a box. As price moves into the box the size of the box is reduced until the gap is closed and the box no longer extends forward.

There are options to include middle lines for the center of the gap, as well as quartile lines.

While there are plenty of opening gap scripts out there none that I found tracked the closing of the gap over time.
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?