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Overnight Gap Analysis

Script from: TradingViewIntraday

NIFTY 50 (NIFTY)

+ Overnight Gap Analysis

@ 1 h

1.25

Profit Factor

215.21 %

Total ROI

2854

Visa Inc. (V)

+ Overnight Gap Analysis

@ 1 h

1.19

Profit Factor

706.60 %

Total ROI

2942

Micron Technology, Inc. (MU)

+ Overnight Gap Analysis

@ 1 h

1.19

Profit Factor

4,210.65 %

Total ROI

2943

Bloom Energy Corporation (BE)

+ Overnight Gap Analysis

@ 1 h

1.17

Profit Factor

6,975.65 %

Total ROI

2020

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

+ Overnight Gap Analysis

@ 1 h

1.15

Profit Factor

509.24 %

Total ROI

2943

Applied Materials, Inc. (AMAT)

+ Overnight Gap Analysis

@ 1 h

1.15

Profit Factor

2,651.97 %

Total ROI

2945

Applied Digital Corporation (APLD)

+ Overnight Gap Analysis

@ 1 h

1.13

Profit Factor

2,536.99 %

Total ROI

1190

Western Digital Corporation (WDC)

+ Overnight Gap Analysis

@ 1 h

1.13

Profit Factor

969.32 %

Total ROI

2944

Booking Holdings Inc. Common Stock (BKNG)

+ Overnight Gap Analysis

@ 1 h

1.12

Profit Factor

450.05 %

Total ROI

2788

Merck & Company, Inc. (MRK)

+ Overnight Gap Analysis

@ 1 h

1.11

Profit Factor

205.67 %

Total ROI

2944

Chevron Corporation (CVX)

+ Overnight Gap Analysis

@ 1 h

1.11

Profit Factor

180.87 %

Total ROI

2945

IREN LIMITED (IREN)

+ Overnight Gap Analysis

@ 1 h

1.10

Profit Factor

805.15 %

Total ROI

1034

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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
+25%
Avg annualized return
51%
Avg max drawdown
0.19
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 796% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Stocks5411.1>1,000%53%0.19

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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