Gap Down

Last modified 14:42, 5 Nov 2012

Gap Down

gapdown.gifGap Down can indicate a sharp decline in the value of a security.

It's functionality is the exact opposite of the Gap Up Hi-Lite.

Gap Down will occur when the highest price is below the low of the previous day.

For more information, refer to How to Make Profits in Commodities by W.D. Gann and the Safety in the Market Video Series.

Display Settings

Double-left mouse-click on the Gap Down Hi-Lite's label to open the Gap Down Properties dialog box.

Color and Display

The color of the Hi-Lite bar can be changed, and a bullet (Dot or Dash) can be displayed.

The following display options are available:

  • Colored bullet and colored bar (default setting) (both Style check boxes selected)
  • Color change for the bar, bullet not displayed (un-check Display Bullet)
  • Colored bullet, no color change for the bar (un-check Change Bar Color)
Bullet Type and Position

The indicator bullets can be either a Dot or Dash. Also, the position of the indicator can be set to display at either the Open, High, Low or

Close level for the interval.

In the example at right, a dot bullet indicator at the Low price for the interval is used. This is the default for this Hi-Lite.

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