Abbreviation: DayOpen
Category: Intraday Basic
Input Parameters:
| Name | Range | Default |
| Date Variable | Date | |
| Time Series | Open | |
| Days Back | Int >= 0 | 10 |
Calculation:
If (Days Back = 0) then first X of the day
Otherwise first X from the day N days ago
Where
X = Time Series
N = Days Back
Discussion:
Use this indicator to get the first value of the current day (Days Back = 0) or the first value of any previous day (Days Back > 0). By default, the time series parameter defaults to Open, which will return the opening price for the day. By changing the time series, the opening value of any time series can be calculated. For example, you could very easily compute the days opening value of the Stochastic %K.