Gap Bar Counter Metastock Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Gap Bar Counter

{ Open to (prev) Close gap bar counter v1.0

CCopyright 2006 Jose Silva.
The grant of this license is for personal use
only - no resale or repackaging allowed.
http://www.metastocktools.com }

{ User inputs }
minGap:=Input("Minimum gap %",0,50,1);
pds:=Input("gap count Periods",1,2520,20);
type:=Input("[1]GapUps, [2]GapDowns, [3]Both",1,3,3);
plot:=Input("plot Gap [1]Count, [2]%count, [3]%change",1,3,1);

{ Gap % change }
changePer:=(O/Ref(C,-1)-1)*100;

{ Gap Up/Down signals }
gapUpSignal:=changePer>minGap;
gapDwSignal:=changePer<-minGap;
gapType:=If(type=1,gapUpSignal,
If(type=2,gapDwSignal,gapUpSignal+gapDwSignal));

{ Gap Up/Down signal count, count avg, %, %avg }
count:=Sum(gapType,pds);
countAvg:=Cum(count)/Cum(IsDefined(count));
countPer:=count/pds*100;
countPerAvg:=Cum(countPer)/Cum(IsDefined(countPer));

{ Plot in own window }
If(plot=1,countAvg,If(plot=2,countPerAvg,minGap));
If(plot=1,countAvg,If(plot=2,countPerAvg,-minGap));
If(plot=1,count,If(plot=2,countPer,changePer))

Author/Source: http://www.metastocktools.com

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