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VEL with gap adaptation

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We enhanced VEL to include an option that allows VEL to ignore price gaps. The user can specify any logic to designate which gaps should be ignored.

On the chart, indicator "JRC2 VEL nogap" was instructed to ignore all gaps occuring between one day and the next. Note how the gap has no apparent affect on the behavior of "JRC2 VEL nogap". In comparison, indicator "JRC2 VEL" is not given such instructions, and we see on the bottom panel the effect this gap can produce. This displays the importance of having technical indicators that can "ignore" price gaps on command.




  • Different time frames on a chart may produce different results.

  • Please do not ask us for indicator parameter settings. Every market is different.

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