Mtg Gap Zones

I developed this indicator to implement the Master the Gap (MTG) Opening Gap Zone concept. I used it to identify where we are opening for today's cash/pit session relative to yesterday Close, Open, High, and Low. You can then develop rules/probabilities around these to trade the opening gap.

The indicator plots the prior Day OHLC lines, then notes the opening GapZone Names based on the MTG definitions.

You need to correctly set your session templates for your Ninja Charts to identify the correct opening gap. By default, Ninja ships futures with the session set to the Extended Hours (ETH), not the "RTH", which would be the cash session.

NOTE: These are developed by me, not MTG (they have their own TradeStation versions)

Created By dnoff
NinjaTrader Version 7
File Size 3.3 KB
Create Date(s) 03/05/2014
# of Downloads 608

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