Help in this code

Algos, strategies, code
1

I was reading the articles of coding in trading from your official website. I came to one topic that was Price Gap System.

Price Gap Script

Buy Signals

# A 2% gap up in price over the previous day on high volume

LOW >REF(HIGH,1) * 1.02 AND VOLUME > SMA(VOLUME, 5) * 2

By sense this formula is quite good but when the market opens n someone run this formula as alert how will this formula works? As total volume can b calculated in d end of the day. So how any company can give more than double volume from previous 5 SMA just at market starts?
2

You are correct, on a daily timeframe this strategy can give signal only at the end of day.If you remove the volume SMA it can give signal right at the start of day.

3

but without volume it gives 70% fake signals :frowning:

4

Try this on 1 Hour chart