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Overnight Gap Analysis

Script from: TradingViewIntraday

Western Digital Corporation (WDC)

+ Overnight Gap Analysis

@ 1 h

1.25

Risk Reward

1,527.56 %

Total ROI

2886

Total Trades

NIFTY 50 (NIFTY)

+ Overnight Gap Analysis

@ 1 h

1.25

Risk Reward

215.21 %

Total ROI

2854

Total Trades

Applied Materials, Inc. (AMAT)

+ Overnight Gap Analysis

@ 1 h

1.22

Risk Reward

3,457.44 %

Total ROI

2887

Total Trades

Micron Technology, Inc. (MU)

+ Overnight Gap Analysis

@ 1 h

1.21

Risk Reward

4,076.76 %

Total ROI

2886

Total Trades

Bloom Energy Corporation (BE)

+ Overnight Gap Analysis

@ 1 h

1.18

Risk Reward

5,833.59 %

Total ROI

1961

Total Trades

Visa Inc. (V)

+ Overnight Gap Analysis

@ 1 h

1.18

Risk Reward

640.27 %

Total ROI

2885

Total Trades

Goldman Sachs Group, Inc. (The) (GS)

+ Overnight Gap Analysis

@ 1 h

1.18

Risk Reward

564.23 %

Total ROI

2885

Total Trades

Applied Digital Corporation (APLD)

+ Overnight Gap Analysis

@ 1 h

1.17

Risk Reward

2,727.15 %

Total ROI

1133

Total Trades

Booking Holdings Inc. Common Stock (BKNG)

+ Overnight Gap Analysis

@ 1 h

1.14

Risk Reward

491.02 %

Total ROI

2729

Total Trades

IREN LIMITED (IREN)

+ Overnight Gap Analysis

@ 1 h

1.13

Risk Reward

909.65 %

Total ROI

977

Total Trades

Merck & Company, Inc. (MRK)

+ Overnight Gap Analysis

@ 1 h

1.10

Risk Reward

179.63 %

Total ROI

2885

Total Trades

Oracle Corporation (ORCL)

+ Overnight Gap Analysis

@ 1 h

1.10

Risk Reward

673.64 %

Total ROI

2886

Total Trades
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Active Trades

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Overnight Gap Analysis backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as intraday by holding period.

17
Backtests run
1.1
Avg profit factor
>1,000%
Avg net profit
+26%
Avg annualized return
51%
Avg max drawdown
0.20
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 715% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Stocks5361.1>1,000%53%0.20

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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