Gap Finder
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Mind the gaps in markets
Actionable Intelligence:
Gaps are frequently used in technical analysis to analyze price action. The Gap Finder lens will find all of gaps of 5% or greater from the previous day’s close. Whenever this “gap” occurs the lens will generate a yellow flag alert. This lens can be combined with other lenses to provide concatenated views.
Lens Settings:
Y = Ticker Adjusted Close
Color = % Change of ticker adjusted close over 1 month
Flag = true if (ABS((Ticker Open – Ticker adjusted close (with 1 day lag)) / Ticker adjusted close (with 1 day lag))) > 5%
Current Data source: Multiple markets
Update Frequency: Daily
Notes: Builders can adjust the size of the gap. To do this, double click on the flag alerts in the Lens Setting window and when the edit lens window comes up change the “.05” in the formula to the desired percentage.