regarding the overall market - i've found that if the E-mini
S&P futures are trading greater than 10 points away from its
4pm gapfill then it's not likely to fill that day. That, in
conjunction with your Gap Indicator, today could've helped look for
Bullish setups right from the start. would've been a nice
day. great work with this indicator Matt. I,
unfortunately use TOS and not Tradestation - have been trying to
tinker around to create it but to no avail.
Gap Indicator
Posted by matt on 3rd of Mar 2011 at 09:35 am
for now the gap indicator is positive as it's over the gapless PSAR indicator (dots). It's early yet so could still change but for now it's positive
regarding the overall market -
Posted by jimbodad on 3rd of Mar 2011 at 04:32 pm
regarding the overall market - i've found that if the E-mini S&P futures are trading greater than 10 points away from its 4pm gapfill then it's not likely to fill that day. That, in conjunction with your Gap Indicator, today could've helped look for Bullish setups right from the start. would've been a nice day. great work with this indicator Matt. I, unfortunately use TOS and not Tradestation - have been trying to tinker around to create it but to no avail.
Gap indicator
Posted by sethbru on 3rd of Mar 2011 at 10:26 am
Thanks for posting! Realtime comments like this make the BPT service worth the price of admission.