TRADING TOOL - DAILY GAP DOWN STATISTICS BUNDLE

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Two studies not sold individually:

YEARLY HIGHS AND LOWS (details below)

AVERAGE and UNUSUAL VOLUME LABEL (details below)

This bundle is for daily candlestick in a yearly chart.

The first label tells you what you are looking at:

• The specific Gap Down %.
• And the specific Unusual Volume %.

The next few labels tell you about the GAP DOWN:

• The number (#) of Gap Down and its the percentageoverall (i.e. How often it happens?).
• The average loss in $ and %.
• Average ATR loss in those Gap Down.
• Then the Largest Gap Down in $ and %.

Then the next few are the Loses labels (How its ends/closes? or Does it holds its loses?):

• How many days does it end up as a Red day and its percentage?
• The average loss in $ and % on those Red days.
• How many days does it end up a Green day and its percentage?
• The average loss in $ and % on those Green days.
• And if there is any unchanged days (i.e. the open isequal to the close (O = C)).

The next few labels are what I call DROPABILITY (O > L) - (How the stock behaves from open to reach its low of day!):

• What is its average DROP gain from Open to the Low in $ and % overall?
• And even more specifically in Red or Green days.
• It also give the Largest DROP in $ and %.

The next few labels are what I call RAISEABILITY (L < C) - (How the stock behaves once it has reached its low of day in relation to its close!):

• What is its average RAISE gain from the Low to Close in $ and % overall?
• And even more specifically in Red or Green days.
• It also give the Largest RAISE in $ and %.

Lastly the miscellaneous labels tell you:

• the overall daily count.
• and the usual ATR.

This Average and Unusual Volume study draws labels with the average volume over a particular length, today’s volume, and the percentage compare to the average volume.

The colors of the label depends on the setting of Unusual Volume Percentage activity:

• if today's volume is under 100% of the average volume then its 'gray',
• if today’s volume is between 100% and the unusual volume percentage then its 'yellow',
• if today’s volume is above the unusual volume percentage then its 'green'.

The Settings have the ability to change the length on which the average volume is calculated. Also, has the ability to change the unusual volume percentage.

Also, the color of all the labels can be changed to your liking.