If you don't know the ins and outs just yet, don't worry because that's exactly what we're going to be talking about in this article Here's a Gap Up indicator for ThinkorSwim to help with your gap trading strategy.
This might sound like a foreign concept to you. One of the things that it can be used for is to find gap & go setups. Thinkorswim offers a premarket gap scanner that can be used in a multitude of ways. # input AverageTrueRangeTimePeriod = 40 input BuyableGapPercentOfATR = 75 # percent of average true range to qualify for as a gap input AverageVolumeTimePeriod = 50 # calculate 50 day MA volume input BuyableGapUpMinVolumePercent = 150 # 150% of 50 day MA volume def AverageTrueRange = reference ATR(AverageTrueRangeTimePeriod, averageType. # TODO: Add logic to handle the current period gaps up by projecting the full day volume # based on the current time and volume so far. With this tweak, the Potential gap remaining is shown in. Here's a small tweak to the original code. Highlighted so it's easier to see as the stock gap up. This indicator will overlay potential gaps on your chart. Gap Fill Indicator for ThinkorSwim - Highlight Potential Gap BenTen. Home ThinkOrSwim gap Indicator Gap Fill Indicator for ThinkorSwim - Highlight Potential
0 kommentar(er)
