Gap Dn Bar (ShowMe)

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Description

Gap Dn Bar marks the low of any gap down bar, which is when the High of the current bar is lower than the Low of the previous bar.

Gaps can often indicate a trend or a change in the direction of a trend. Gap Dn 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 downs are considered a negative 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 can also provide support and resistance levels for subsequent price activity.

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