Gaps are market prices structures that appear frequently in the stock market, and can be detected when the opening price is different from the previous closing price, this is why gaps are also called "opening price jumps". While gaps can occur frequently, some of them are more significant than others, and can be observed when looking at a long term chart.
Crude Oil Indicator is giving two signal Bullish and Bearish . Bullish signal is used to take long trade and Bearish signal is used to close existing long trade and take new short trade and so on.
To get More signal of Bullish and Bearish user must enable More Signals check box that will check crossover and cross down of price close with Gaps.
I am using 2 ATR...
Trend Following Indicator is for following trend and being in trend till trend is not changed.
Each Bullish and Bearish signal you can add one more future or option lot and be in trade till bearish signal is not coming.
You can close Long trade i.e. Bullish pyramiding trade when you see there is small red arrows are there
and similarly when you are in Short...
I created a strategy which finds gaps on CME Futures market for Bitcoin, BTC1! and opens a long or short position on the crypto exchange depending on what kind of gap was found (up or down) on CME.
Up gap: today open price > previous day high price
Down gap: today open price < previous day low price
Two lines below the main chart show when gaps appear. The...
This strategy open orders on first bar of the week if there is a gap with Friday close price.
First bar could be on Sunday or on Monday, it depends on broker time.
Adjust starting hour with broker time. Use arrows to help finding correct broker time.
Also you should adjust gap size and exit hour.
Do not place on Daily charts.
Please use comment section for any...