Gaps are always interesting reference when comes to discrete trading. Some gaps gets faded faster whereas some gaps take its own time to fade. Gaps represents emotions in the market and tracking gaps are critical for any futures trader. So we thought of making things easier for traders where you can track the unfaded gaps on the go.
If you are not sure how to use the gaps then the following tutorial will help you understand gaps in a better way.
Trading the Gap Up and Gap Down – Part 1
Trading the Gap Up and Gap Down – Part 2
Trading the Gap Up and Gap Down – Part 3
How the Read the Gap Identifier Charts
1)Gaps are represented with yellow color bars as shown above
2)We track only the gap with open above/below previous days high-low range
3)Unfaded Gaps (Gap High and Gap Low) are plotted over the charts with extended lines
4)Just with a visual look over the charts now one can access the unfaded gaps
5)Dotted blue color lines represents unfaded gap top and dotted red color lines represents unfaded gap bottom
For Example the above nifty future charts has unfaded gaps at the following zones