Indicators: CME Gap Tracker for Gold and Bitcoin: Open Gaps, Fill Rate and a Fade-Trade Test
Nice utility.
Just so you know, CME's 1OZ (nano) gold futures are trading 7 days per week now. There's a 2 minute daily maintenance window from 5:00pm to 5:02pm NY time, and a 2 hour Saturday maintenance window from 3:00am to 5:00am NY time.
Nice utility.
Just so you know, CME's 1OZ (nano) gold futures are trading 7 days per week now. There's a 2 minute daily maintenance window from 5:00pm to 5:02pm NY time, and a 2 hour Saturday maintenance window from 3:00am to 5:00am NY time.
Thanks, and good point. You're right about 1OZ, it has traded around the clock since July with just those two maintenance breaks. CME moved its crypto futures to 24/7 in May as well.
The indicator uses the schedule of the full-size contracts, Friday 16:00 to Sunday 17:00 Chicago time. GC and MGC still close for the weekend, so on gold it measures the same gap GC traders see. On Bitcoin the change matters more. Since CME BTC futures stopped closing on weekends there is no real CME gap left to measure there, and the classic gap statistics come from the weeks before that. I'll update the description to say so. Thanks for taking the time to point it out.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
CME Gap Tracker for Gold and Bitcoin: Open Gaps, Fill Rate and a Fade-Trade Test:
Finds the weekend CME gap on gold and on 24/7 Bitcoin charts, keeps every unfilled gap on the chart until price returns to it, and shows how often gaps filled, how fast, how far price ran first, and what fading them would have made. Non-repainting, with buffers for an Expert Advisor.
Author: Ali Akbar