OPEN-SOURCE SCRIPT
Updated Shock Gap Bot [Enhanced]
Shock Gap bot this to provide entry for pre market stocks , so you can get the bounce back
Release Notes
update timezone issue Release Notes
added RSI details Shorts: The bot checks yesterday's Daily RSI. If it was above 70 (Overbought), it confirms the stock is extended. If the stock then "Gaps Down" today, the bot treats this as a high-probability reversal and allows the trade.
Longs: It checks if yesterday's Daily RSI was below 30 (Oversold). If the stock then "Gaps Up" today, it signals a "snap back" rally.
Release Notes
gone back to old school Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our 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.