Thankyou for your reply sir. But these Gap doesn't occurs because of buyers or sellers. The reason behind the gap is this index named NIFTY is a indian stocks index, which is traded in India from 9.15am to 3.30pm.
But at the same time i want you to know that this index is also available (listed) in Singapore Exchange. And that's the problem because it opens at 6.30 am to next day 2.30 am(that is almost 20 hours a day,it is tradable in Singapore exchange).
But as you know for indian it is closed at 3.30pm, so what ever direction or distance it travels from 3.30 pm to next morning 9.15am(in singapore exchange) will be shown as a gap in Indian market.
Because of some government rules and regulations, indian citizen can't open account in singapore exchange, so we are forced to trade with this 9.15 to 3.30 time only.
I think sir you can understand my explanation
And thats the reason every indicator which you applies to your chart will face these problem. And indicators accuracy will be decreased drastically.
Now, Daily VWAP is a kind of indicator which doesn't face problem because it reset to first candle of the day or session. Which i have tried to show in the previous post photo.
Sir i just need that, any moving average indicator which can reset its values or calculation at the time specified time.Like 9.15 etc.
Thankyou dear sir, please reply if you can help me on this or give your valuable suggestions. I will be very happy.
Thankyou sir
