Measure gap between last close and new open
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Could someone please advise if this is the correct way to measure the distance between previous candle close and current candle open
Thank you -
No. That will only work if the distance is measured EXACTLY at the open price of the new candle. Later on that will provide a wrong value. Then you need to select 'Yes' instead of 'No in the absolute distance option. Finally you need to change that 'this value, as is' option by 'price fraction' instead.
