Abbreviation: DayOpen
Category: Intraday Basic
Input Parameters:
| Name | Range | Default |
| Date Variable | Date | |
| Volume | Volume | |
| Days Back | Int >= 0 | 10 |
Calculation:
If (Days Back = 0) then sum of X since the start of the day
Otherwise sum of X for the entire day N days ago
Where
X = Time Series
N = Days Back
Discussion:
Use this indicator to get the volume since the start of the current day (Days Back = 0) or volume of any previous day (Days Back > 0). By default, the time series parameter defaults to Volume, however by changing the time series, the sum of any time series could be calculated. For example, you could very easily compute the sum of the number of times the Stochastic %K is greater than 80.
It should be noted that when using a Days Back value of 0, the indicator will continue to change throughout each day as more volume occurs. However, using a Days Back value greater than 0 will result in the same value across an entire day due to the previous days volume having already occurred.