OPG Indicator
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.
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.
Release Notes:
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.
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.