Gap fill : by size
Check out one of our founders explaining this report in the video below:
GAP FILL: Standard, by size and by weekday
In this report you can filter the data by picking how big or small the gap was. You can pick the size of the gap at the bottom of the graph shown in the screenshot below:
In the example above, we picked gaps that were less than <0.1%. So what does this tell us?
gaps up less than < 0.1% gaps down less than < 0.1%
the blue area shows how often gaps the blue area shows how often gaps
up less than < 0.1% fill, 87% of the time. down less than < 0.1% fill, 100% of the time.
The black area shows how often gaps The black area shows how often gaps
up less than < 0.1% don't fill, 13% of the down less than < 0.1% don't fill, 0% of
time. the time.
HOW DO I USE THIS IN MY TRADING ?
The size of a gap can sometimes affect if it fills or not. That's why filtering by size can help you make better trading decisions, whether it's to target the gap fill or avoid it altogether. If the Gap is on the smaller side of the range, usually that gap will fill. If the gap is on the larger side of the range, it will probably fill.
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