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 03/05/2014
# of Downloads 651

Importing to NinjaTrader 7 is Easy!

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu File > Utilities > Import NinjaScript
  3. Select the downloaded file from your desktop

Questions?

Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.