Gap PctMicrostructure

Timeframe M1 · unit %

What it measures

Percentage difference between the current bar's open and the previous bar's close. Captures the price dislocation that occurred between the two bars - gap-up or gap-down.

How Janira reads it (bullish vs bearish)

Positive: current bar opened above the prior close - upside gap. Negative: current bar opened below the prior close - downside gap. Near zero: no significant gap.

In plain language

Imagine the market closing at a price, then immediately re-opening at a different price before you could react. That jump is the gap. A gap-up suggests opening demand; a gap-down suggests opening supply.

Scenarios

• Gap above +0.1%: the current bar opened noticeably higher than the prior close - demand was present before the bar even started trading.
• Gap below −0.1%: the current bar opened noticeably lower - supply pressure arrived at the open itself.
• Gap near zero consistently: price is continuous across bars - no discontinuities, typical of liquid, continuous sessions.
• Large gap after a quiet period: often reflects an event or liquidity shift between two bars - structure context matters for interpretation.

More microstructure indicators

Janira computes Gap Pct deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.