Pre market Gap up/down on Streak?

Streak - backtesting
1

Hi Guys!! @Streak

I noticed that we can now create a pre-market scanner on streak,
I just needed help on how to create a pre-market gap up/gap down the scanner.

so I want these conditions,
If there is a gap up in any stock, and the second candle on the 5m time frame breaks the high of the gap up and vise versa

2

Hi @tradeneeti,

You can use the following condition

pm1
pm11175×592 21.2 KB

So scan result today at 4:50 PM were

pm2
pm21150×520 17.3 KB

To demo the results

pm4
pm4961×789 28.4 KB

There was a clear Gapup and breakout today in Bajaj Finance

pm5
pm5966×824 39.8 KB

In BPCL, there was a rally.

However, note that you will receive the notification from the scanner after 1min post 2nd 5min candle completion. This is because we need 1 additional candle after the Nth candle formation.

3 Likes
3

Thanks

4

Thank you @Krishnendu for helping with PreMarket code.

5

@Krishnendu I do not see the pre-market indicator when I type pre… nothing comes in entry condn screen

and also can you tell me this?
How to avoid gap down entries or gap up entries?

eg

I want to avoid entering trade if 0915 candle has opened gap down from pre day close

or
I want to avoid entering if 0915 candle opened gap up but then fell after 15 mts below 15 mts low

In 1st one I tried to use nth candle 5 mts 1 and prev n -1 day
but it did not work

Thanks in advance

6

Pre-market is only available in scanner and not in a strategy since you cannot verify this on a historical candlestick chart.

Gap up or down happens quite often, so unless the current day (Open) = Previous day (Close), it will consider a gap up or down. if there is a certain point or percentage difference that you want to avoid,

You can write something like

Nth Candle (Open,5min) up by 0.25% from Previous N(Close, Day, -1)