OPG Indicator

16 thg 2, 2023

This indicator calculates the Opening Price Gap (OPG) between yesterday's close and today's open.

If the OPG is smaller than -0.03%, open a long position with take profit at yesterday's close.

If the OPG is greater than 0.03%, open a short position with take profit at yesterday's close.

Close all positions at midday.

16 thg 2, 2023

Phát hành các Ghi chú

Note : This strategy is designed to be used with the Daily (D) chart.

This is a Price Gap strategy, which means we are looking to open a long / short position at market open and close the position as soon as the gap from today's open and yesterday's close is filled. Do not hold position for more than half a day, the Price Gap should fill within a few hours.

Buy condition :

Green arrow appears, open long position and exit trade as soon as price reaches yesterday's close.

Sell condition :

Red arrow appears, open short position and exit trade as soon as price reaches yesterday's close.