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Big Up Gap

by Peter Gum, 5096 days ago
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Detect 'excessive' recent up gap. A 'true' indication is returned when the close is above the previous high by a specified amount over the specifed recent number of bars.

The detection gap and the lookback period are parameters. In addition, the code can be treated as a 'stepping-off point' for making other changes.

Usage:
var=BigUpGap(1.5, 25)==0; // Testing for false










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Type: Trading Indicator

Object ID: 735


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Market: All

Style:
Technical Analysis

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