Rank: Newbie
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Joined: 4/7/2010(UTC)
Posts: 4
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Hello all,
since a couple of weeks I'm seeking for a formula of a real gap scanner, so I hope to find some help here...
The output should be the number of days within the last 3 months, where the opening price is out of the trading range of the previous day (upgaps as well as downgaps).
for example:
(within the last 3 months) if the opening price was 15 times above the previous day-high, and 10 times below the previous day-low, the result of the exploration should be 25.
Thanks in advance and greetings from germany.
Rookie.
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 4/7/2010(UTC)
Posts: 4
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Hi Wabbit,
and pardon me, took a little bit to find out what "stuck" means....
"stock" I knew but not "stuck" :-)
Anyway,
I found a lot of threads here regarding gaps, but not the kind I explained above...
pitty, I would even pay for this kind of formula ;-)
I the german metastock forum no one could help me...
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/26/2009(UTC)
Posts: 76
Location: Toronto, Canada
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Hi,
maybe you want to try something like this:
x:= GapUp();
y:= GapDown();
a1:= Sum(x,60);
a2:= Sum(y,60);
a1+a2
Thats for the indicator builder.
As for the explorer, Just write in column A the same formula, when you do the scan it will display the number of gaps for the stocks scanned
Cheers,
VT
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 4/7/2010(UTC)
Posts: 4
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Hi v.trader and thank you very very much!
Thats fantastic! Its exactly what I was looking for!
Looks so easy but you can believe me,
here in germany it is quite a big deal...
thanks again!!!
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