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GAP_UP_PLOTTING

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

Note

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]

y = if isGapDown()
currentLowValue =close[1]

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)

MarxBabu

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MarxBabu

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