PINE LIBRARY
AdjCloseLib
Library "AdjCloseLib"
Library for producing gap-adjusted price series that removes intraday gaps at market open
get_adj_close(_gapThresholdPct)
Calculates gap-adjusted close price by detecting and removing gaps at market open (09:15)
Parameters:
_gapThresholdPct (float): Minimum gap size (in percentage) required to trigger adjustment. Example: 0.5 for 0.5%
Returns: Adjusted close price for the current bar (always returns a numeric value, never na)
Details Detects gaps by comparing 09:15 open with previous day's close. If gap exceeds threshold,
subtracts the gap value from all bars between 09:15-15:29 inclusive. State resets after session close.
get_adj_ohlc(_gapThresholdPct)
Calculates gap-adjusted OHLC values by subtracting detected gap from all price components
Parameters:
_gapThresholdPct (float): Minimum gap size (in percentage) required to trigger adjustment. Example: 0.5 for 0.5%
Returns: Tuple of [adjustedOpen, adjustedHigh, adjustedLow, adjustedClose]
Details Useful for calculating indicators (ATR, Heikin-Ashi, etc.) on gap-adjusted data.
Applies the same gap adjustment logic to all OHLC components simultaneously.
Library for producing gap-adjusted price series that removes intraday gaps at market open
get_adj_close(_gapThresholdPct)
Calculates gap-adjusted close price by detecting and removing gaps at market open (09:15)
Parameters:
_gapThresholdPct (float): Minimum gap size (in percentage) required to trigger adjustment. Example: 0.5 for 0.5%
Returns: Adjusted close price for the current bar (always returns a numeric value, never na)
Details Detects gaps by comparing 09:15 open with previous day's close. If gap exceeds threshold,
subtracts the gap value from all bars between 09:15-15:29 inclusive. State resets after session close.
get_adj_ohlc(_gapThresholdPct)
Calculates gap-adjusted OHLC values by subtracting detected gap from all price components
Parameters:
_gapThresholdPct (float): Minimum gap size (in percentage) required to trigger adjustment. Example: 0.5 for 0.5%
Returns: Tuple of [adjustedOpen, adjustedHigh, adjustedLow, adjustedClose]
Details Useful for calculating indicators (ATR, Heikin-Ashi, etc.) on gap-adjusted data.
Applies the same gap adjustment logic to all OHLC components simultaneously.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
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.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
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.