Gap Between Candles?

[TrendHero]

Hello,

Gap Between Candles? The million dollar question.
Is it possible to plot a cloud between any candle that leaves a visible gap between them. For example if a bullish candle closes at 130.00 and another bullish candle forms but it is opens at 130.15 leaving a .15 cent gap. Can a plot be made that displays that gap? I want to ignore the wicks. I'm only interested in the candle body.

This is the same for downward moves and any price action for that matter. The time frame to watch should be anything from 1 min up.

 

[SleepyZ]

Hello,

Gap Between Candles? The million dollar question.
Is it possible to plot a cloud between any candle that leaves a visible gap between them. For example if a bullish candle closes at 130.00 and another bullish candle forms but it is opens at 130.15 leaving a .15 cent gap. Can a plot be made that displays that gap? I want to ignore the wicks. I'm only interested in the candle body.

This is the same for downward moves and any price action for that matter. The time frame to watch should be anything from 1 min up.

See if this helps

#Gaps between two candles bodies identified with optional arrows/bubbles

input gap_diff = .02;
input arrows   = yes;
input bubbles  = yes;
input bubbleoffset = .001;


plot gapup = if open < close and open - close[1] >= gap_diff then 1 else 0;
gapup.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
gapup.SetDefaultColor(Color.CYAN);
gapup.SetHiding(!arrows);
AddChartBubble(bubbles and gapup, low * (1 - bubbleoffset), AsDollars(open - close[1]), gapup.TakeValueColor(), no);

plot gapdn = if open > close and close[1] - open >= gap_diff then 1 else 0;
gapdn.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
gapdn.SetDefaultColor(Color.MAGENTA);
gapdn.SetHiding(!arrows);
AddChartBubble(bubbles and gapdn, high * (1 + bubbleoffset) , AsDollars(close[1] - open), gapdn.TakeValueColor(), yes);

 

[Svanoy]

@TrendHero
Here is something you may have interest in. It will show the last 3 gaps above and below current close that have not been completely retraced.
https://usethinkscript.com/threads/gaps-not-completely-retraced-for-thinkorswim.15989/