Today I’ve released updated versions of the All-In-One Gap Scan and the % and $ Gap Columns.
The improvements to the columns were just to fix a small error I found. But for the scan, several big improvements have been implemented …
Choose both min/max gap % size
Choose both min/max gap $ size
Choose whether you only want to scan for gaps that haven’t filled yet
Choose whether the gap needs to be “significant” — i.e., gapping above the prior high, or below the prior low (completely outside the range of the prior day’s candle)
Choose whether the gap needs to be a “pro” or “tier 1” or “shock” gap — i.e., gapping over a prior day red candle, or gapping under a prior day green candle, adding “shock value” to the gap
This single all-in-one scan works during the extended hours / premarket / aftermarket, and continues working as the regular trading hours begin, so you only need to use one scan all day long.
The other change is that the $ and % values are now all calculated from the prior close instead of the high/low, just for consistency, and whether the gap is over/under the prior day’s candle is specified as a separate criterion in settings, which can be turned on/off at will. This will help keep things consistent and logical no matter what type of trading you do.
I’ve recently been adding several new functions and features to the Thinkorswim Relative Volume paintbars indicator package including:
New volume sources
Range by itself
New range types added
Open Interest
Implied Volatility
Many new combinations of all the types
New BLENDED average mode — weight both the Time Based Average and Moving Average of your volume source according to whatever percentages you want
New automatic or manually set time based mode
New columns and scans for each type of volume source
New labels indicator showing relative overnight volume, premarket volume, aftermarket volume, opening range volume, and regular hours volume
New bonus columns for relative and absolute overnight, premarket, and aftermarket ticks/trade count and share volume
As always, if you purchased the indicator before, all updates are free. Just log back in and go to My Account > Orders > View and the new links should be there.
If you haven’t yet gotten your hands on it, check out the video and my playlists of trades on Youtube, and then purchase the set here:
Josiah is a stock & futures trader, ThinkScript programmer, Bitcoin maximalist, gold bug, real estate investor, and budding mountaineer. He's also rumored to be an in-shower opera singer. Josiah started Easycators in 2014 and lives with his family near Nashville, TN. xTwitter | YouTube
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