Oxymoronic (oxy) candlesticks often appear at significant levels in a chart and can indicate increased probabilities of directional moves.
Typically, green candles are hollow and red candles are filled. An oxymoronic candle is colored bullishly but filled bearishly (solid green) or vice versa (hollow red).
Oxy flags occur when:
1) Price gaps up and closes lower...
Fractal Break Imbalance / Fair Value Gap (FVG) / Liquidity Void
Order imbalances in either direction, either excess buy or sell orders, reduce liquidity. The market will seek to fill gaps sooner or later. The script marks an imbalance / FVG after a fractal break. It also marks any other imbalance.
Green - Imbalance after fractal break to...
This indicator displays gaps which have not been filled.
- It shows only the unfilled gaps.
- You can edit the style and color of the gap lines.
- It will not work on charts with huge number of candles or gaps.
- It's based on someone else script which is mentioned in the code comments.
There is a wide range of opinion on holding positions overnight due to gap risk. So, out of curiosity, I coded this analysis as a strategy to see what the result of only holding a position overnight on an asset would be. The results really surprised me. The script backtests 10+ years, and here are the findings:
Holding a position for 1 hour bar overnight on...
Customizable Gap Finder by ProfessorZoom with a partial close of a gap
1 — Gaps bullish or bearish
2 — Gaps can be filled
3 — Gaps can be partially close
4 — Some display options
█ OTHER SECTIONS
Thanks to The rational investor for teaching me this and ProfessorZoom because he writes 99% of the script.
Did you know the...
The purpose of this indicator is to give a quick view of a gap size between two candles, and to detect any gap bigger than the trigger setting.
Mode: Select the display mode (% or Value)
Variation Trigger: Defines the minimum gap size to give a signal, for both positive and negative sides. This option depends on the Mode setting
This is a fully customizable gap finder. You can change the color of just about anything, on top of hiding filled/old gaps. This is so you can spot those tiny gaps on something such as futures. Be sure to play around with the settings.
This indicator repaints the candles so that every candle's open price is the previous candle's close price. This helps visualize stocks and ETFs that have big gaps, usually between trading days.
You should hide visibility of the ticker for this to be displayed properly.
Detects gaps in trading for CME's "Ether" cash-settled futures. This will show gaps as they happen on the 24/7 charts that crypto exchanges use. It is not usable on CME's tickers themselves, as gaps in trading are not displayed.
This indicator will only display if viewing an ETH chart.
More information on the CME ETH futures here:
Displays information about Bitcoin CME Futures Gaps over BTCUSD (or XBTUSD) charts.
You can configure a threshold percentage to only display gaps whose size is greater than that percentage. The gap precentage is calculated based on the current close price.
Gaps up are displayed in Orange, gaps down in Green
Gap trading is a simple and disciplined approach to buying and shorting stocks. Essentially, one finds stocks that have a price gap from the previous close, then watches the first hour of trading to identify the trading range. Rising above that range signals a buy, while falling below it signals a short.
What is a Gap?
A gap is a change in price...
I did not write the script from scratch but rather started editing code of an existing one. The original code came from a script called GAP DETECTOR by @Asch-
First up: I am a trader, not a programmer and therefore my code most likely is inefficient. If someone with more expertise would like to help and optimize it - feel free to get in touch, I am always...
This script was inherited from "GAP DETECTOR" by Asch- and the modified version is being published with consent of the author.
This script identifies gap up or gap down between candle bodies (for the selected time frame). The original script has been reworked to consider Open/Close instead of the High/Low. It identifies "Gap" up/down and indicates them with...
This indicator, with the addition of a standard VWAP indicator to the 5m chart, helps the operator when using a closing candle Price to initiate a VWAP Reversal strategy.
The strategy involves Price gapping up, look for a Close below the 1st 5m candle Low; else look for a Close above the 1st 5m candle High. On a break of VWAP, take the trade in the opposite...
New version 2 of my modifications of the original candlestick pattern script by Robert Waddell.
- Added window (= gaps) detection
- Added Bear/Bull Sash
- Added Bear/Bull Counter Attack
- Added Bear/Bull Seperating Line
- Modified candlestick ID code
- Added Lookback period instead of SMA (TLine) for trend detection