Gap Not Working
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I am trying to execute a trade to trigger when a daily gap bar shows up. For shorts, it would execute at the low of the bar that gaps up. Attached is a picture of where it is actually executing trades and I don't know why. Buy/sells are opposite.
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@xburbx You should use this block for calculating gaps instead:
In this example, this gap is measured from yesterday's close price (bullish candle) and today's open price. You will have to invert the order or price levels for the opposite gap
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Thanks. Should I use the CANDLE TOTAL SIZE (PIPS) instead of CANDLE CLOSE here? If I use candle close and the ID 0 opens inside the candle wick of candle ID 1, it could be inside 10pips.
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No. Only specific price levels can be used in this block. That 'candle total size' option is not price level, but a pips distance. The block will not work if you choose that.
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Thanks. Wouldn't this potentially trigger a situation where the bar that is supposed to be the gap bar opens in the wick of bar 1? That would invalidate a gap. Bar 0 needs to be fully above or below bar 1.
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Seeing if anyone can help here.
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@xburbx I'm afraid I can't visualize the problem. Can you please share a screenshot of what you mean?
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@l-andorrà Let me know if this picture helps. I have also put the shared project link in here.
