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(EFS) Gap Zone PRO

5. May 2010
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eSignal Study:  Based on the gap zones indicated by page 16 of this document, certain daily situations tend to increase the chances of a gap fill on the S&P.  This script outputs the historical percentage of a successful gap fill.

This script is meant to be used at the open.  It looks at the current day's location in relation to the previous day's price action and determines which "zone" it is opening in.  In the example image, it is in zone "7", which has a high percentage chance of filling.  The background color will change if the percentage chance is low (red) or medium (yellow). 

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

 

 

 


  
 

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