MetaStock Gap Up Function

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The Gap Up function simply identifies securities that have gapped up in price, i.e. today's low is greater than yesterday's high.

SYNTAX GapUp()

APPLICATION

Similar to the gap down function, the gap up function has no parameters. Therefore it's normally used with other conditional statements. For example:

GapUp() AND V>Mov(V,20,S)

This formula specifies that the security must have experienced a gap up (i.e., today's low is greater than yesterday's high), and that today's volume must be greater than the 20 day average of the volume.

Looking at Figure 3.5, we can see this example applied to the chart.

 

Figure 3.5 _ Gap Up

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