dayOpen (int zone, int day) : var
dayClose (int zone, int day) : var
dayHigh (int zone, int day) : var
dayLow (int zone, int day) : var
dayPivot (int zone, int day) : var
Returns the open, close, high, low, and pivot point within the market
hours (by default, 9:30 am until 16:00 pm) of a given working day and time zone.
Can be used for seasonal trading, gap trading, or daily price action. The pivot
point is defined as (High+Low+Close)/3.
||UTC for UTC time or ET for New York
time, or a number giving the zone offset in hours to UTC. Daylight saving
time is considered in non-UTC zones from 2000 to 2019.
||Working day offset, i.e. 0 = today (see remarks),
1 = yesterday, 2 = day before yesterday,
and so on. Weekends are skipped, f.i. if today is Monday, 1
refers to last Friday.
dayClose(ET,1) returns yesterday's closing price of the current
asset at the New York Stock Exchange.
- During the LookBack period all day price functions
- The BarPeriod matters for precision. F.i. for a time precision of 30 minutes, use a BarPeriod
of 30 or below. The functions do not work for bar periods above one day.
- Time travel attempts - for instance requesting today's high, low, or close price
when the market is still open - will cause a "negative price offset"
warning when the PEEK flag is not set.
- Market hours can be changed through the global variables
StartMarket (default: 930)
and EndMarket (default: 1600)
in the hhmm format. If the hours don't matter, use alternatively
the price functions from daily bars, or the
HH / LL functions. Daily bars change
at midnight UTC. By setting StartMarket and EndMarket
accordingly, arbitrary time periods can be used. F.i. for getting the high-low
range of the first hour of a trading day, set StartMarket at
930 and EndMarket at 1030.
EndMarket must be higher than StartMarket.
- Some traders believe that markets turn at fixed "support and resistance"
pivot levels named S1, S2, S3, R1, R2, R3, etc. which are calculated from
dayPivot, dayClose, dayHigh, and dayLow.
There are many pivot level variants, for instance:
S1 = 2*Pivot - High
S2 = Pivot
- (High - Low)
S3 = 2*Pivot - (2*High - Low)
R1 = 2*Pivot - Low
R2 = Pivot + (High
R3 = 2*Pivot + (High - 2*Low)
S1 = Close - (High - Low) x 1.0833
S2 = Close - (High
-Low) x 1.1666
S3 = Close - (High - Low) x 1.2500
S4 = Close - ((High
- Low) x 1.5000
R1 = Close + (High - Low) x 1.0833
R2 = Close + (High
-Low) x 1.1666
R3 = Close + (High - Low) x 1.2500
R4 = Close + ((High
- Low) x 1.5000
- The source code of the day price functions can be found in Source\indicators.c.
// simple gap trading system,
// based on a publication by David Bean
BarPeriod = 10;
LookBack = 100*24*60/BarPeriod; // 100 days lookback
Stop = 100*PIP;
TakeProfit = 40*PIP;
vars Prices = series(price());
var High = dayHigh(ET,1);
var Low = dayLow(ET,1);
var Close = dayClose(ET,1);
// enter a trade when the NYSE opens
if(High > 0 && Low > 0 && Close > 0
&& timeOffset(ET,0,9,30) == 0)
var Avg = SMA(Prices,LookBack);
if(*Prices > Close
&& *Prices < High
&& *Prices < Avg)
if(*Prices < Close
&& *Prices > Low
&& *Prices > Avg)
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