Gap Up & Gap Down Scanner for ThinkorSwim

[Likos]

Prior the the "orb scanner" I think this is great but how about a gap potential or open window of opportunity. I've used the previous day closing gap but rather difficult to use since what's done is done leads to a 50/50 chance trade for opening new wedge gap

 

[Vince Field]

I'm looking for studies with statistics on the behavior of stocks that gap up and down. For example, what percent of them fill the gap, what percent of gap up/down stocks have a green/red day? What are some characteristics that may influence the behavior of these gappers?

Anyone with personal knowledge to share or links to credible sources of information on this topic would be greatly appreciated! I'm not looking for stats for specific stocks, but rather more general market statistics.

 

[BenTen]

When searching for "gap up statistics" on Google, I was able to find the following, which seems useful:

• https://gapdb.com/gapguide
• https://bioequity.org/statistics-do-stock-price-gaps-always-get-filled/

 

[cocojumbo]

Not sure if anyone is still trying to decipher a scanner for this? Tt trading system itself is all about the first hour buying/selling of extreme price movements taking advantage of irrational price action into a key support/resistance level. I tried the service but its very stressful and hectic plus excessive risk tbh. Lots of trades happen in 1-5 minutes or less. For example you got a stock dipping hard (there are rules based on price of stock where a pop or drop is considered acceptable entry) into a quarterly pivot. Lets say u wana go long- you are picking up a falling knife for a quick gap up within institutional or short coverage zone and it does work u’ll see buyers jumping in after those extreme moves but most of the time the stock keeps dipping if you didnt react fast u lost $. Wasnt for me but if anyone knows of a pivot scanner system that would be great please share

 

[K_O_Trader]

Not sure if anyone is still trying to decipher a scanner for this? Tt trading system itself is all about the first hour buying/selling of extreme price movements taking advantage of irrational price action into a key support/resistance level. I tried the service but its very stressful and hectic plus excessive risk tbh. Lots of trades happen in 1-5 minutes or less. For example you got a stock dipping hard (there are rules based on price of stock where a pop or drop is considered acceptable entry) into a quarterly pivot. Lets say u wana go long- you are picking up a falling knife for a quick gap up within institutional or short coverage zone and it does work u’ll see buyers jumping in after those extreme moves but most of the time the stock keeps dipping if you didnt react fast u lost $. Wasnt for me but if anyone knows of a pivot scanner system that would be great please share

I tried the service too for a month and experienced the same things, Im just curious if you still have the script for the different pivot points, I somehow lost mine or mislabeled them so i cant find them