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
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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[1] and low>open[1] and low >high[1] and low >close[1] and isUp() isGapDown()=>high<low[1] and high<open[1] and high< close[1] and high<high[1] and isDown() x = if isGapUp() currentLowValue =low[1]