Help coding NT7 indicatordaily opening gaps in the chart - futures io
futures io

Help coding NT7 indicatordaily opening gaps in the chart

Discussion in NinjaTrader

    1. trending_up 1,173 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 0 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

Help coding NT7 indicatordaily opening gaps in the chart

(login for full post details)
  #1 (permalink)
 Mr III 
Experience: Advanced
Platform: Ninjatrader, NeuroShell
Broker: CQG
Trading: CL
Mr III's Avatar
Posts: 43 since Jan 2012
Thanks: 23 given, 21 received

Hello All,

I was wondering if I could have the attention of the programmers in this forum to code an indicator that could show (display) the daily opening gaps, specially at session opening time and that can be shown in the market Analyzer. The reasoning behind this is based on capitalizing on high volatility with opening gaps.
The market's recent volatility has been accompanied by an increased number of daily gaps, which occur when an instrument price jumps from one day to the next (i.e today's low is above yesterday's high, or today's high is bellow yesterday's low), leaving a void in the price series. An up gap in an individual instrument indicates strong buying, which can be the result of good news about the economy indicators or FED announcements. A down gap in an individual instrument indicates strong selling: down gaps are often the result of disappointing news, in the futures instruments such could be poor economic indicators for instance.
Overall this can be a strategy that allows traders to pick up some short run gains when opportunities arise. I found that even traders who count on exploiting long-term trends needs to explore this volatility gaps in order to capitalize some returns when the market move side ways.
Any ideas how to code such indicator?


Post-Note: I have the referred indicator, I coded it myself from scratch. I don't need any further help on this.

Started this thread Reply With Quote

futures io Trading Community Platforms and Indicators NinjaTrader > Help coding NT7 indicatordaily opening gaps in the chart

Last Updated on September 8, 2012

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!

Ongoing Happy Hour with Cem Karsan w/Cem Karsan

Elite only

Our 12-year anniversary w/ $$,$$$ prizes (check soon)


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada),
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts