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Half Gap
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The Developer
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Platform: EasyLanguage, by Tams Tams is offline
Developer Last Online: May 2012 Show Printable Version Email this Page
Platform: MultiCharts Rating:
Released: 03-30-2010 Last Update: Never Installs: 5
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Half Gap


description:
this indicator would draw a line half way between previous day's close
and today's 1st bar open
e.g.
gap up opening: prev close = 100, today's open = 102
a line will be drawn at the half way point 101

gap down opening: prev close = 100, today's open = 98
a line will be drawn at the half way point 99

if the day's open is the same as previous close,
a line will be drawn at the previous close






note:
This indicator was written in MultiCharts
I have not tested it in tradestation or other EasyLanguage compatible programs
For importing instructions, please see your software's users manual

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File Type: txt Half Gap.txt (1.3 KB, 108 views)
File Type: pla Half Gap (MultiCharts).pla (4.9 KB, 60 views)

Screenshots

Half Gap-half-gap.jpg  

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∧ Similar Indicator
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The Following 5 Users Say Thank You to Tams For This Useful Post:
aaa (04-02-2010), Artur Yakubovsky (10-26-2010), nuno-online (04-05-2010), ooll (05-14-2010), TIKITRADER (04-22-2010)

Comments
Old 03-31-2010, 07:24 PM   #2

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Re: Half Gap
Tams, your half gap indicator was a GREAT help for me for two days now. Yesterday the market traded down to half gap before rallying. Today the market bought up to half gap before dumping. Both days I took profits on my half gap fill. Thank you so much again.
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Old 03-31-2010, 08:07 PM   #3

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Re: Half Gap
Quote:
Originally Posted by Jumbo123 »
Tams, your half gap indicator was a GREAT help for me for two days now. Yesterday the market traded down to half gap before rallying. Today the market bought up to half gap before dumping. Both days I took profits on my half gap fill. Thank you so much again.
good to hear it works out.

I will send you the bill later...

;-)
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Old 04-16-2010, 01:57 PM   #4

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Re: Half Gap
today

Attached Thumbnails
Half Gap-2010-04-16-01.gif  
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Last edited by Tams; 04-16-2010 at 02:33 PM.
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Old 04-16-2010, 02:01 PM   #5

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Re: Half Gap
I have neglected to mention in the first post, the idea of this indicator came from Jumbo123.

http://www.traderslaboratory.com/for...r-ts-7729.html

If you found this indicator useful, please say thanks to him.

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Old 04-16-2010, 02:31 PM   #6

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Re: Half Gap
No need to thank me. You are the kind hearted programmer who contributes your time and skills for the trading community. Some snake oil salesman probably charges a couple of hundred dollars for this indicator.
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Old 04-22-2010, 12:14 AM   #7

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Re: Half Gap
it wont work for me i copied the text and pasted it into new study and it says there are errors can someone help?

Thanks
Josh
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Old 04-22-2010, 12:34 AM   #8

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Re: Half Gap
Quote:
Originally Posted by jvontop »
it wont work for me i copied the text and pasted it into new study and it says there are errors can someone help?

Thanks
Josh
what kind of help would you like?
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