How to setup scanner in PI for gap up strategy?

Algos, strategies, code
1

Hello

I want to know which stock gap up above last days high, so how can i setup a scanner in PI for this strategy plz let me know.

DEEPAK

2

As the scanner works only in live market on intraday and scanner starts from market opens so it is not possible to scan the gap ups

2 Likes
3

You can use below …give me response if it works for you,

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

Sell Signals

#A 2% gap down in price over the previous day on high volume
HIGH < REF(LOW,1) * 0.98 AND
VOLUME > SMA(VOLUME, 5) * 2

Exit Long
Use a profit objective roughly ½ the size of the gap with a stop-loss.

Exit Short
Use a profit objective roughly ½ the size of the gap with a stop-loss.

4

no it will not working I used this script for back testing it shows error if you got succeed please kindly share the same scripts