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I would think that most of the time DayOpen would be zero in this instance.
An opening trade would have to occur after the end of the session Close and
before the calculations are begun. Am I missing something?
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "Gary Fritz" <fritz@xxxxxxxx>
To: "omega" <omega-list@xxxxxxxxxx>
Sent: Monday, October 15, 2001 12:02 PM
Subject: Re: Opening Range Breakout
: > Create a variable, DayOpen.
: > If Date > Date[1] then
: > Dayopen = O + ATR(10)
: > End;
:
: That will work if you only want to issue orders on the 2nd through
: Nth bars in the day. Since you don't compute DayOpen until the end
: of the 1st bar of the day, you can't use it to issue orders on that
: 1st bar.
:
: To do that, you need to do something like:
:
: vars: DayOpen(0);
: if Time = Sess1Endtime then DayOpen = Open of next bar;
: if DayOpen <> 0 then buy at DayOpen + ATR(10)*X;
:
: If you access the next bar like that, you can't use multiple data
: streams. I've never understood why, but TS won't let you. TS also
: limits your use of "on close" orders in a system that accesses the
: next bar, to prevent you from doing something like this:
:
: if open of next bar > Close then buy; { Buy this bar at close }
: sell at market; { Sell next bar's open }
:
: Gary
:
:
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