Analysis Techniques & Strategies

$image\insert_showme.gif$ Gap Up Bar (ShowMe)

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Description

Gap Up Bar marks the high of any gap up bar, which is when the Low of the current bar is higher than the High of the previous bar.

Gaps can often indicate a trend or a change in the direction of a trend. Gap Up Bar Studies can also be used in conjunction with other studies that indicate trend momentum, direction, and strength such as the ADXR indicator or the DMI indicator. In most instances, gap ups are considered a positive change in a market. Sometimes prices retrace on the next bar to fill all or part of the price gap that occurred on the previous bar. Gaps also provide support and resistance levels for subsequent price activity.

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