Half Gap

[Tams 20]

Half Gap

 

 

description:

this indicator would draw a line half way between previous day's close

and today's 1st bar open

e.g.

gap up opening: prev close = 100, today's open = 102

a line will be drawn at the half way point 101

 

gap down opening: prev close = 100, today's open = 98

a line will be drawn at the half way point 99

 

if the day's open is the same as previous close,

a line will be drawn at the previous close

 

 

 

 

 

note:

This indicator was written in MultiCharts

I have not tested it in TradeStation or other EasyLanguage compatible programs

For importing instructions, please see your software's users manual

Half Gap.txt

Half Gap (MultiCharts).pla

[Jumbo123 10]

Tams, your half gap indicator was a GREAT help for me for two days now. Yesterday the market traded down to half gap before rallying. Today the market bought up to half gap before dumping. Both days I took profits on my half gap fill. Thank you so much again.

[Tams 20]

Tams, your half gap indicator was a GREAT help for me for two days now. Yesterday the market traded down to half gap before rallying. Today the market bought up to half gap before dumping. Both days I took profits on my half gap fill. Thank you so much again.

 

good to hear it works out.

 

I will send you the bill later...

 

;-)

[Tams 20]

today

 

Edited April 16, 2010 by Tams

[Tams 20]

I have neglected to mention in the first post, the idea of this indicator came from Jumbo123.

 

http://www.traderslaboratory.com/forums/f56/half-gap-fill-indicator-ts-7729.html

 

If you found this indicator useful, please say thanks to him.

 

13.7

[Jumbo123 10]

No need to thank me. You are the kind hearted programmer who contributes your time and skills for the trading community. Some snake oil salesman probably charges a couple of hundred dollars for this indicator.

[jvontop 10]

it wont work for me i copied the text and pasted it into new study and it says there are errors can someone help?

 

Thanks

Josh

[Tams 20]

it wont work for me i copied the text and pasted it into new study and it says there are errors can someone help?

 

Thanks

Josh

 

what kind of help would you like?

17.9

[jvontop 10]

Is this script for tos? If not do you offer formulas for tos ?

 

thanks

[Tams 20]

Is this script for tos? If not do you offer formulas for tos ?

 

thanks

 

you can start with your software's user manual...

[jvontop 10]

I have read tos user manual, How is that relevant to my question? Do you offer tos scripts? A yes or no answer would be great...

[Tams 20]

here's an updated version,

 

it uses PLOT instead of Trendline...

 

it retains the previous day's Half Gap plots,

so that you can review multi-days' half gap performance.

 

enjoy !

 

29.15

Half Gap (Plot version).txt

Edited May 12, 2010 by Tams

[WorldTrader 10]

Tams,

Thanks, I saw the reference on TOS. I also use Tradestation. I assume that there is no strategy for that in TS? Is MultiCharts free, I have never used them? Just Meta, Ninja and TS and TOS.

[Tams 20]

Tams,

Thanks, I saw the reference on TOS. I also use Tradestation. I assume that there is no strategy for that in TS? Is MultiCharts free, I have never used them? Just Meta, Ninja and TS and TOS.

 

MultiCharts is paidware.

 

What kind of strategy you have in mind?

can you outline your logic in programmable detail?

[WorldTrader 10]

I was refering to your Multi Charts code on the Half Gap. I didn't know if it was programmed for TS.

 

Platform: MultiCharts Rating: Licence: User defined

Released: 03-30-2010 Last Update: Never Installs: 4

 

Re-useable Code Translations

No support by the author.

 

 

Half Gap

 

 

description:

this indicator would draw a line half way between previous day's close

and today's 1st bar open

e.g.

gap up opening: prev close = 100, today's open = 102

a line will be drawn at the half way point 101

 

gap down opening: prev close = 100, today's open = 98

a line will be drawn at the half way point 99

 

if the day's open is the same as previous close,

a line will be drawn at the previous close

[Tams 20]

I was refering to your Multi Charts code on the Half Gap. I didn't know if it was programmed for TS.

 

Platform: MultiCharts Rating: Licence: User defined

Released: 03-30-2010 Last Update: Never Installs: 4

 

Re-useable Code Translations

No support by the author.

 

 

Half Gap

 

 

description:

this indicator would draw a line half way between previous day's close

and today's 1st bar open

e.g.

gap up opening: prev close = 100, today's open = 102

a line will be drawn at the half way point 101

 

gap down opening: prev close = 100, today's open = 98

a line will be drawn at the half way point 99

 

if the day's open is the same as previous close,

a line will be drawn at the previous close

 

MultiCharts uses an extended version of EasyLanguage.

most of MultiCharts' codes would work in TradeStation.

 

Give it a try... and let us know how it works out.

[Tams 20]

Tams,

Thanks, I saw the reference on TOS. I also use Tradestation. I assume that there is no strategy for that in TS? Is MultiCharts free, I have never used them? Just Meta, Ninja and TS and TOS.

 

can you post the link to the reference on TOS?

I would like to read up on it.

[ajax358 10]

Hey Tams,

 

Thx for this great looking indicator....would like to use it....but, tried to load into TS, from the "pla" above. TS would not load it, & was kicked to a 'search the internet' window. So, then did a 'copy/paste', to create a new ELD.....after pasted it, hit the F3 to 'verify'.....came back with "6 errors"....so would not load....

 

So, do you or anyone have a version that does load?? Any help would be appreciated, if it can be done. Thx ahead of time.

 

ajax358

[Tams 20]

Hey Tams,

 

Thx for this great looking indicator....would like to use it....but, tried to load into TS, from the "pla" above. TS would not load it, & was kicked to a 'search the internet' window. So, then did a 'copy/paste', to create a new ELD.....after pasted it, hit the F3 to 'verify'.....came back with "6 errors"....so would not load....

 

So, do you or anyone have a version that does load?? Any help would be appreciated, if it can be done. Thx ahead of time.

 

ajax358

 

why are you telling me you have errors, but don't copy/paste the error messages?

if i have a crystal ball... i will tell you how to solve all the 6 errors you have.

 

which code did you use?

try the updated one in post #12.

 

good luck.

57.19.18

[Tams 20]

.

Free money in HSI

 

 

102.55

[aaa 10]

Hi Tams

 

Can U send me free money from HSI via paypal ?

 

I will send U back free fresh air from our mountains via Jet Stream.

 

ThanX in advance

 

Edited June 2, 2012 by aaa