honeypot@market-analyst.com

Categories

Most Recent Articles

Home Knowledge Base Market Analyst 5 Scanning Manager Bar Scans Price Gap Scan

Price Gap Scan

Written by Administrator Tuesday, 22 January 2008 10:00
Rate this item
(0 votes)

Price Gap  

 

The Price Gap scan searches for a bar that displays a gap in price. That is, a bar that has an open, high, low and close price lower than the previous bar’s low or higher than the previous bar’s high.

These settings would scan for when a bar’s open, high, low and close is lower than the previous bar’s low. The Price Gap scan would be applied to a Daily chart.

Example of a gap down in price.

Type 

 

             Down:   Select this option to scan for when the open, high, low and close of a bar is lower

than the low of the previous bar.

             Up:         Select this option to scan for when the open, high, low and close of a bar is higher

than the high of the previous bar.

Last modified on Thursday, 09 October 2008 10:00