Not all prices are equal. The market will sometimes spend a lot of time in price areas ('acceptance', 'balance') as this range of prices is acceptable to many buyers and sellers. When price is rejected or a market moves out of balance, prices will be passed over quickly and not much trade is facilitated. Depending upon the tools used to analyse the market, we may refer to these areas as low volume nodes or if no trade has occurred in these areas, gaps. In futures contracts that trade high volumes, a traded volume quantity below 10 allows us to treat this Single Print as a Gap.
The market exists to facilitate trade, discovering prices where buyers and sellers can do business with each other. If the market finds a price level unacceptable, when price next approaches it, we may well again reject it quickly, passing through it or back away from it.
Single Print As Gap may be licensed for Sierra Chart on a Lifetime, 1-month or 3-month basis, or as part of the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.