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Functional specifications for Trading Hours 1/2 Gap fill for TOS study

From: mike goudie <mikegoudie@yahoo.com>
To: Emini Addict
Cc: david.m.halsey@gmail.com
Received: Friday, May 08, 2009 09:24 PM
Hello David,
 
(Crash from the forum)
 
Could you tell me if this is the logic used to find the 1/2 Gap fill?

#Trade hours only Pivot    P0 = (H+L+C)/3 (time frame 4:00pm is close not 4:30)

Gap Fill and 1/2 Gap Fill logic
#Trading range, 4:00 pm previous day close, 9:30 am open
# if (close price < open price) 1/2 GF = (open-close)/2
# else 1/2 GF = (close-open)/2
 
Thanks,
Mike