I have found this strategy to find possible gap ups.
set up ========= On Hourly Chart Plot EMA 200 ( in the above chart it is blue solid line ) Add VWAP , set weekly setting Add EMA , set period to 9 Change the source of EMA 9 to VWAP
Lets call this ema9 setup as EMA9VW (in the above chart it is purple line)
BUY ==== EMA9VW is above EMA200 when the price is crossing up EMA9VW set the stop loss previous pivot low Exit when gaps up (Take profit ) or wait until price crossing below EMA9VW
close when stop loss hits
Let me know what you think of this idea ? if your feedback is greatly appreciated to improve this startegy ...