Is there an upper data limit of how much S#.DATA should be used for? is 500MB too much? is GB too much? Is 5TB too much? What are the typically sizes of data storage used by professionals who use S#?
Gaps_Chart_6.png 💥An exhaustion gap is a type of gap that signals a potential end to the current trend. It occurs after a prolonged move in the market and represents a final push by investors to buy or sell before the trend reverses. 💥There are two types of exhaustion gaps: the first is called a \"breakaway gap,\" which occurs at the beginning of a trend reversal, while the second is called a \"runaway gap,\" which occurs in the middle of a trend reversal. 💥To identify an exhaustion gap, traders should look for a gap that occurs at the end of a trend with a large increase in volume. This is a signal that the market may have reached its limit and is unlikely to continue in the same direction. Traders can use other technical analysis tools, such as trend lines and moving averages, to confirm the validity of the gap and potential reversal. 💥In utilizing trends in this gap, traders can employ a strategy of trend following or trend reversal. In trend following, traders take a position in the direction of the existing trend and hold it until the trend reverses. In trend reversal, traders take a position opposite to the existing trend, hoping to profit from the eventual reversal. 💥In either strategy, traders should be mindful of risk management and use stop-loss orders to limit potential losses. Additionally, it\u0027s important to use multiple technical analysis tools to confirm trading decisions and avoid false breakouts.\u0027 Image-05-4.jpg 💥The Exhaustion Gap, as the name implies, occurs late in a trend. For example, if the gap appears at the end of an uptrend, it serves as a warning that the market\u0027s bullish momentum is starting to wane. Conversely, if the price has been declining for an extended period and an exhaustion gap forms, there is a high probability that the price will rebound. 💥One key difference between this type of gap and other gaps is that, assuming the initial price action was bullish, the exhaustion gap may or may not be filled. This doesn\u0027t mean that the price won\u0027t drop, but downturns are typically characterized by gaps instead of continuous price declines, making them significant. Moreover, exhaustion gaps can be similar to island reversals because after the formation of an exhaustion gap in a late uptrend, prices tend to narrow above the gap (but only for a few days) before eventually dropping. In a downward breakaway gap, the pattern resembles an island surrounded by water, indicating that a price trend reversal has occurred (in this case, from an uptrend). However, the significance of the directional change must be considered in the context of the trend and pattern, as each factor can be complementary or counterproductive.
I have about 500MB of 1minute TF Candles. When i use the DELTETE data function by selecting \"ALL\" and TF Candles - it works for a long time (15 seconds) but no data in disk actually gets removed. The storage folder is the exact same size before and after. I can also verify by pulling up any candle chart - they are still there. If i manually empty the storage folder then the data is gone and then candles no longer work. Screenshot shows how the function is used. qusetions: i. is this the correct behavior of the DELETE DATA function ii. if not, how should this tool be used?
24176 24180 24181 24183 24192
24142 24144 24150 24151 24156 24160 24163 24165 24168
24126 24129 24127 24131 24134
24094 24097 24100 24101 24103 24105 24106 24115 24122 24118 24117 24286 24281
Image6482019.jpg 💥A runaway gap, also known as a measuring gap or continuation gap, is a type of gap that occurs in the middle of a trend. It is usually seen as a signal that the current trend is likely to continue, as opposed to a reversal. 💥A runaway gap occurs when the price moves rapidly in the direction of the trend and leaves a gap in the price chart. The gap represents a period of strong momentum and can be seen as a sign of investor enthusiasm. Runaway gaps can be formed during an uptrend or a downtrend and can occur in any market, including stocks, commodities, and forex. 💥Traders often use runaway gaps as a signal of a continuation of the trend, and may use it as an opportunity to enter or add to a position in the direction of the trend. For example, in an uptrend, a trader may look for a runaway gap as an indication of a strong upward momentum and may buy the stock to take advantage of the potential upside. 💥It\u0027s important to note that like all technical indicators, runaway gaps are not always reliable and can be subject to false signals. It\u0027s essential to use other technical indicators and analysis to confirm trading decisions and avoid false breakouts. Additionally, managing risk and setting stop-loss orders can help limit potential losses in case the trade goes against the expected trend. runaway-gap-chart.jpg 💥The definition of a runaway gap helps technical analysts remember that \"how much it has come, it will double further.\" This is because a runaway gap occurs in the middle of a trend. For example, if the price has moved up from €100 (after a breakaway gap) and continued up to a second gap (runaway gap) around €150, it can be predicted that the price target or resistance will be around €50 after the runaway gap or around €200, as the runaway gap is used as a measuring tool for distance in the trend. 💥In a runaway gap situation, it is said that only normal volume can easily move the market. In an uptrend, this means that the market can continue to move up after the gap. However, in a downtrend, the market will undoubtedly go down. 💥Like a breakaway gap, a runaway gap can also act as support and resistance, but it should be noted that if it is a real signal, the gap should not be closed. This means that the price should not move down to close the gap in the coming days in an uptrend. When the gap is closed, it could signal a reversal, causing traders to sell instead of buy.
19_2_eab104de75.png 💥Breakaway gaps are significant in technical analysis because they are usually formed at the start of a new trend, indicating a significant shift in market sentiment. They occur when the price breaks through a support or resistance level, creating a gap between the previous day\u0027s trading range and the current day\u0027s trading range. Breakaway gaps can be seen as a strong signal of a new trend and can be used by traders as a confirmation of a new trading opportunity. 💥In trading, breakaway gaps can also be used as support and resistance levels. If a breakaway gap is formed during an uptrend, the price may find support at the bottom of the gap, which can be used as a buying opportunity. Conversely, if a breakaway gap is formed during a downtrend, the top of the gap may act as a resistance level, which can be used as a selling opportunity. 💥However, it\u0027s important to note that breakaway gaps are not always reliable indicators, and they can also be filled or closed later on. Traders should use other technical indicators and analysis to confirm trading decisions and avoid false breakouts. Additionally, it\u0027s important to manage risk and set stop-loss orders to limit potential losses. Breakaway-Gap.png 💥A breakaway gap usually occurs after the price formation has been completed and is often the starting point of a significant move. For example, the price may move down to test the neckline after forming a head and shoulders pattern or, in the case of a breakdown of the major uptrend line, this type of gap is also called a breakaway gap, which marks the beginning of a significant decline. 💥However, it\u0027s worth noting that traders should consider whether such a gap is significant or a fake signal. Using volume can help determine if it\u0027s a real signal, as a real breakaway gap is usually accompanied by high volume. Additionally, to confirm a real breakaway gap, the price action should not be able to close the gap, as a reversal in price movement could indicate a fake signal. 💥In addition to the above, some traders may wonder if breakaway gaps can serve as support and resistance levels. The answer is yes, as a breakaway gap during an uptrend will act as support, while in a downtrend, it will act as resistance if the market rebounds.
💥Common gaps are formed when there is a slight pause in trading activity or a trading range, and the price opens above or below the previous day\u0027s closing price without any significant news or events driving the market. These gaps are often seen as a natural part of market behavior, and they can be formed during regular trading hours or after-hours trading. 💥In technical analysis, common gaps are considered less significant than other types of gaps because they don\u0027t necessarily indicate a change in the trend or signal a new trading opportunity. However, they can still be important because they can provide clues about the overall market sentiment and help traders identify support and resistance levels. 💥For example, if a common gap forms during an uptrend, it may indicate that the market is taking a brief pause before continuing the upward trend. If the price remains above the gap, it can be seen as a support level for future price movements. Conversely, if a common gap forms during a downtrend, it may indicate a temporary pause in the downward trend. If the price remains below the gap, it can be seen as a resistance level for future price movements. 💥Overall, common gaps are an important aspect of technical analysis because they can provide context for understanding market behavior and help traders make informed decisions. However, it\u0027s important to use other technical indicators and analysis to confirm trading decisions and avoid false breakouts. 082021_0951_whataregaps1-1.png 💥Some traders refer to it as the Trading Gap or Area Gap. The Common Gap is a normal and very common type of gap that is often closed soon after it is formed. It usually occurs during a trading range, indicating the lack of interest of most investors in that stock at that time. 💥Common gaps are considered less important in technical analysis and may not be reliable for forecasting because they usually occur during light trading periods. Buying or selling pressure that comes in has a chance to push the price up or down until the gap is filled. Alternatively, they often occur during trading sessions called sideways where technicians are usually not very interested in this type of gap. CommonGap1-5bfd6f2c46e0fb00517f1f75.gif