Gap Tools

Gap Tools are a revolutionary way of looking at the first minute of trading for the cash session. When a Gap of statistical significance occurs - it is instantly analysed and three probability scenarios are calculated. Using the Tick Tools framework and database, as well as a sophisticated database of  many metrics and emotional profiles of all gaps that have occurred in the last 15 - 20 years, there is tremendous information available on the first bar of trade that enables very accurate ranking of the current Gap on price movement, Emotion and Market Structure.

The objective is to understand the implications of a Gap on a complete day of market behavior and avoid much or the misconception regard gap trading. Some Gaps will rank highly in terms or "Gap Fill" probability, while others will rank highly for "Gap and Go" probability. Still others will rank highly for "Gap and Reverse". There is a tremendous misunderstanding by market participants as to what is normal behavior for trade following  a gap. Thankfully Gap Tools clears this up.

Other sophisticated features of Gap tools include the plotting of all open gaps with clear and real-time plotting on charts. In addition, Gap Fill tolerances can be configured to indicate and alert when any open gap is coming into a fill range and additionally when and how it actually fills.

One of the most unique capabilities of Gap Tools is to completely and accurately calculated Gaps on the Cash Indexes. This is nearly impossible to do normally, as for the DOW and S&P500 many of their markets are cash session traded only and take a few minutes to open - thereby distorting the actual gap prices on the chart. However, Gap Tools uses a highly accurate method to harmonize Gap Details and plot them accurately against a cash chart.

Gap Historical Gap Levels can be plotted as support and resistance lines with display configuration able to in an easy and clear way view the most significant and important Gap resistance and Supports.

The last feature of the Gap Toolset is that the structure of the database allows for display of the Gap data based on detailed criteria on any timeframe chart and also contains the complete history of all gaps meeting that criteria. Any historical period of gaps can be displayed and rendered on any chart.