MarxBabu

GAP_UP_PLOTTING

NSE_EOD:NIFTY   Nifty 50
159 1 5
Identify the GAP up and GAP DOWN opening and plot the line.
Strategy when GAPUP identified Buy and target for few 100pips.

1.Color automated Lime candle shows one ahead candle of gapup
2.Black candle shows gapdown.
3.Line drawn for GapUp,GapDown
Comment: The code is available here

//@version=2
//Author MarxBabu
study(title="GAPUP_PLOTTING", overlay = true)
isUp() => close > open
isDown() => close <= open
//GAP UP DECISION
isGapUp()=> low>low and low>open and low >high and low >close and isUp()
isGapDown()=>high<low and high<open and high< close and high<high and isDown()
x = if isGapUp()
currentLowValue =low

y = if isGapDown()
currentLowValue =close

plot(x, style=line, linewidth=3, color=lime)
plot(y, style=line, linewidth=3, color=red)


barcolor(isGapUp()? #00FF00 :na,-1)
barcolor(isGapDown() ? #030303 :na,-1)
Thank you for posting chart along with AFL code.
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