IsZones

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Mon, 09/04/2017 - 14:34
#1
Chuck Beauregard
Last seen: 6 years 6 months ago
Joined: 03/17/2017 - 20:37
IsZones

I use the "Open Gap" feature of IsZone which calculates the OpenGap from the "close' or yesterday to the "Open" of today. This in effect ignores the wicks of the candle, which to me a just as important as the bodies.

What I would really like is for it to calculate the GAP from the HIGH of yesterday to the Open of today or from the LOW of yesterday to the Open of today. Obviously depending on the direction of the Gap.

Is there a way form us, non-employees, to develop the "OPEN GAP" value? Or equivalent?

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Tue, 09/05/2017 - 11:20
cpayne
Last seen: 1 year 7 months ago
Joined: 03/30/2009 - 00:00
Bands - Open Gap

Chuck,

I'll take a look at adding such an option to the Zones Indicator....maybe call it Open Gap (Prev Range).

But in the meantime, import this chart and confirm that this implementation (2 actually) of the Bands Indicator is giving you what you're after.

https://www.linnsoft.com/charts/bands-opengap-es

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