GapDn and Bullish Close (Reversal) _ Daily_Explore for Amibroker (AFL)
indraji2001 almost 12 years ago Amibroker (AFL)
Stocks which have opened at a lower price than the previous Day’s Close(Gap-Down) but eventually closed in the green well above yesterday’s Close(>3%). This shows increasing buying interest in these stocks. These tend to OUTPERFORM the market in the Short-term //TREND CHANGE – VERY High
Indicator / Formula
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//Open < PREVCLOSE AND Close > 1.03 * PREVCLOSE
//SET A = Open
//SET B = Ref(LAST,1)
//SET C = LAST
//A < B AND C > (1.03 * B)
A = Open;
B = Ref(Close,-1);
C = Close;
Condition1 = (A < B) AND (C > (1.03 * B));
Buy = Condition1;
Filter = Buy;
AddColumn(C,"Close");0 comments
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