Can someone help me create an amibroker exploration that would search those stocks that opening and closing above earlier day's price and thus forming a bullish gap and/or opening and closing below earlier day's price adn thus forming a bearish gap. This kind of gaps appear very frequently and mostly every day in some stocks which make them multibagger. For example, jai corp from august to october was showing this pattern and now horizon is showing this. With this screerer, it will be easy to find such stocks and take a position in them early in the ride.
The formula would be
day's low > (day-1)'s high [for extremely bullish stocks]
or
day's high < (day-1)'s low [for extremely bearish stocks]
Its a pretty simple code, but I dont know how to do it in afl. Please help me out.
The formula would be
day's low > (day-1)'s high [for extremely bullish stocks]
or
day's high < (day-1)'s low [for extremely bearish stocks]
Its a pretty simple code, but I dont know how to do it in afl. Please help me out.