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GAP Trading
Here is the gap-trading system code for use in Equis International's MetaStock software.
For practical reasons, the system has been defined as an indicato rrathert han a system, showing the cumulated profit.

GAP Trading

dn:= 1.0;
up:= 1.0;
gap:= 100*(OPEN - Ref(CLOSE, -1))/Ref(CLOSE,-1);
prf:= If(gap>=up, OPEN-CLOSE, If(gap<=-dn,CLOSE-OPEN,0));


Stéphane Reverre
Source / From: TOP

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