Thank you for Indicator and can you add following condition, Previous candle (-1 day) close is low than open((OPEN> CLOSE)Simple Negative cande).
ImNotaStocker
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i clicked on the add to favorite scripts, now how do i know this is working? How do i activate this? -Tommy
EDIT:new to this. I see....it indicates on the chart thats there. I thought it was a screener. Can you explain the benefit of this? Why do i need this if I can see it on the chart myself? Thanks in advance for explaining this.
imzeeshan
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@ImNotaStocker, I don't use a Gap Screener. Most people do. I screen stocks I want to trade based on other non-price related conditions (not based on whether they have gapped up or down on a particular day), then I use this indicator to perform quantitative analysis and set alerts for them if gaps occur and offer trading opportunity with an edge. For example, AAL is my favorite. Gap Down and Close Down is perfect for Selling Call Options/Shorting.
imzeeshan
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@imzeeshan, Also some momentum/high beta stocks tend to have a tendency to jump a specific percent / points. Like ROKU, when it gaps up I know based on the Quantitative Analysis of its gap up history, it's the start of a new uptrend. So I can immediately sell puts / go long stock.