Open Gap % (Indicator)
DisclaimerInput Information
| Name | Expression | Default | Description |
| UsePrevClose | TrueFalse | True | When True, calculates the opening gap from the previous day's close. When False, calculates a gap when the opening price is above previous day's high or below previous day's low. |
| HiAlertPct | Numeric | 1000 | High alert percentage. Gaps above this value will trigger an alert, if enabled. |
| LoAlertPct | Numeric | -100 | Low alert percentage. Gaps below this value will trigger an alert, if enabled. |
| UpColor | Color | UpColorDefault | Color if upward change. |
| DnColor | Color | DownColorDefault | Color if downward change |
| ColorScheme | Numeric | 1 | Type of color scheme (0=white on black, 1=up/down color on black, 2=white on colored background). |
Market Synopsis
This grid indicator plots the current day's opening gap as a percentage of the previous day's close (by default). The gap percentage can also be calculated from the previous day's high, for up gaps, or low, for down gaps (see UsePrevClose above).
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | Open Gap % | UpColor/DnColor | Plots percentage difference representing the daily gap up or gap down. |