This section allows you to select patterns based on prior session gaps.
A gap is defined as the difference between the closing price of the prior session and the opening price of the next session. We use regular trading hours to determine gaps. (Note: some traders define a gap as the difference between the prior day high or low and the next day’s opening price, however that is not the way we define a gap on our platform.)
A gap is considered "filled" when the opening price retraces (up or down) back to trade at the prior session’s closing price.
If the prior session's closing price does not get traded in the following session the gap is considered "Unfilled".
Day After Down Gap Filled - The prior session opened lower than the closing price of 2 sessions ago and the prior session’s high was greater than or equal to the closing price of 2 sessions ago.
Day After Up Gap Filled - The prior session opened higher than the closing price of 2 sessions ago and the prior session’s low was less than or equal to the closing price of 2 sessions ago.
Day After Unfilled Up Gap - The prior session opened higher than the closing price of 2 sessions ago and the prior session’s low was greater than the closing price of 2 sessions ago.
Day After Unfilled Down Gap - The prior session opened lower than the closing price of 2 sessions ago and the prior session’s high was less than the closing price of 2 sessions ago.
Day After At Least 5 Up Gaps In A Row - The prior session opened higher than its prior session close - five consecutive sessions in a row.
Day After At Least 5 Down Gaps In A Row - The prior session opened lower than its prior close - five consecutive sessions in a row.
Day After 2 Consecutive Filled Gaps - The prior session traded at its prior session close - two consecutive sessions in a row.
Day After 5 Consecutive Filled Gaps - The prior session traded at its prior session close - five consecutive sessions in a row.
Day After 2 Consecutive Unfilled Down Gaps - The prior session opened lower than the closing price of 2 sessions ago and the prior session’s high was less than the closing price of 2 sessions ago. This pattern repeats for 2 consecutive days.
Day After 2 Consecutive Unfilled Up Gaps - The prior regular session opened higher than the closing price of 2 sessions ago and the prior session’s low was greater than the closing price of 2 sessions ago. This pattern repeats for 2 consecutive days.
Day After Unfilled Down Gap Followed by Unfilled Up Gap - The prior session low is greater than the closing price of 2 sessions ago and the high from 2 sessions ago is less than the closing price of 3 sessions ago.
Day After Unfilled Up Gap Followed by Unfilled Down Gap - The prior session high is less than the closing price of 2 sessions ago and the low from 2 sessions ago is greater than the closing price of 3 sessions ago.