Time <= X (DayTrader only)
Abbreviation: Time<=X
Category: Time Flags
Input Parameters:
| Name | Range | Default |
| Date Variable | Date | |
| X | any valid time | 12:00:00 PM |
Calculation:
If (Current Bar’s Time <= X ) then True (1) otherwise False (0)
Warning: This indicator may not trigger exactly when expected for all frequencies. For example if X = 12:00:00 PM (noon) on a 20 minute chart, the indicator will not turn false until 12:10 PM because the time increments go 7:30, 7:50, 8:10,’, 11:30, 11:50, 12:10,’ Thus there is no bar that will be greater than 12:00:00 PM until 12:10:00 PM.
Discussion:
Use this indicator to determine when a certain time has not been reached. This indicator is especially useful in Trading Strategies where you may want to enter or exit at certain times of the day.