GapUp and Bearish Close (Reversal) _Daily for Amibroker (AFL)
indraji2001 almost 12 years ago Amibroker (AFL)
Stocks which have opened at a higher price than the previous Day’s Close(Gap-Up) but eventually closed in the red well below yesterday’s Close(>3%). This shows decreasing buying interest in these stocks. These tend to UNDERPERFORM the market in the Short-term //TREND CHANGE VERY High
Indicator / Formula
Copy & Paste Friendly
//Open > PREVCLOSE AND Close < 0.97 * PREVCLOSE
//SET A = Open
//SET B = Ref(LAST,1)
//SET C = LAST
//A > B AND C < (0.97 * B)
A = Open;
B = Ref(Close,-1);
C = Close;
Condition1 = (A > B) AND (C < (0.97 * B));
Sell = Condition1;
Filter = Sell;
AddColumn(C,"Close");0 comments
Leave Comment
Please login here to leave a comment.