Gaps occur when the lowest price traded is above the high of the previous day or, conversely, when the highest price traded is below the previous day's low.
A gap is filled when the range of subsequent bars closes the gap.
- Price Gapped Up
When today's Low is greater than yesterday's High.
- Price Gapped Down
When today's High is lower than yesterday's Low.
If a gap is filled (or closed) then it will no longer be recognized.
To Set the Gaps Screen:
- Select the Gaps filter
- Choose between price gapped Up or Down
- Select the number of days within which the gap must have occurred or excluded
- Click Add to add the filter.