A True Gap in Market Profile occurs when the new session opens completely above or below the prior day’s entire trading range, meaning there is no overlap in traded prices between the two sessions.
A Normal (settlement) Gap occurs when price opens away from the prior day’s close but can still overlap or trade within the prior day’s range. In other words, there is no structural separation between the two sessions’ auctions.
A True Gap is generally considered more significant because it reflects a clearer shift in market tone and a stronger separation between the two auctions.
A True Gap UP is considered filled if the market reaches the previous day’s high, while a True Gap DOWN is considered filled if the market reaches the previous day’s low.
Thanks Smash!
I don’t see where today’s gap was 7674.75. That’s not where we closed yesterday. I don’t follow
In other words, today’s session never reached the previous day’s low at 7674.75, leaving the gap unfilled.
the nuance I missed is measuring only RTH levels
A True Gap in Market Profile occurs when the new session opens completely above or below the prior day’s entire trading range, meaning there is no overlap in traded prices between the two sessions.
A Normal (settlement) Gap occurs when price opens away from the prior day’s close but can still overlap or trade within the prior day’s range. In other words, there is no structural separation between the two sessions’ auctions.
A True Gap is generally considered more significant because it reflects a clearer shift in market tone and a stronger separation between the two auctions.
A True Gap UP is considered filled if the market reaches the previous day’s high, while a True Gap DOWN is considered filled if the market reaches the previous day’s low.
Thank you!!