Click here to Login








Auto Draw Gap Lines

by Jan Christensen, 4007 days ago
Share |






This function automatically draws lines for non-closed gaps; - both gap down and gap up. It takes one parameter named "LookingBack" that indicates the numbers of bars to backward scan, e.g. 100 means that the function scans 100 bars backward from last bar. If the parameters is set to zero, all bars will be scanned for gaps. Note that this in some situations with many gaps can be a little time consuming
The function returns an array that indicates non-closed gaps. The return values are: +1 for non-closed gap up, 0 for no gap and -1 for non-closed gap down.
The return values can for example be used in combination with the standard GapUp and GapDown functions to draw text information's.
gapset=AutoDrawGapLines(0);
y2 = iff(GapUp() and (gapset == 1),1,0);
y3 = iff(GapDown() and (gapset == -1),1,0);
plotarrow(y2, "Gap Up", belowlow, colorblue);
plotarrow(y3, "Gap Down", abovehigh, colorred);


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 1378


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Export Trading Orders from a Portfolio to a File

Backtesting Your Trading Systems: Symbol Segmentation

Update Chart Layout based on Active Time Frame

Presentation of QuantShare's new Real Time Version

Charting, Backtesting and Trading using Fundamental Data

Different Ticker Symbols for Each Data Source

How to Automatically Import Local Data Into QuantShare

How to Switch On/Off Trading Rules in Your Stock Trading System

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.