Quick question - Daily Open

March 3rd, 2014, 07:42 AM

Hi everyone,

First post so apologies if it is a really simple question.

I've just started programming in MC / Powerlanguage and I am seeing a difference between the daily open as plotted on my hourly chart, and the daily open on a 100 tick chart.

Both are using the OpenD(0) keyword. As an example, On my hourly GBPUSD chart I have todays Open @ LMAX @ 1.67345, but on the 100 tick chart is it @ 1.67283.

I understand that the tick chart has a different opening bar and therefore would display a different value for the daily open, however I am wanting to find out how to ensure I have the daily open from my hourly chart displayed on the tick charts.

Is there a way to ensure I have the same lines across all my charts? Hourly, 100 Tick, 233 Tick etc??

Am I using the openD reserved word incorrectly? Do I need to set the daily open in a global variable etc?

Here is the (simplified) code snippet I am using:

Code

If Date <> Date[1]  then
begin
   		{== print out each days' daily open     ==}
     		dailyOpenLevel =tl_new_s(d, time_s, OpenD(0) , d+1, time_s, OpenD(0));
end;

Any assistance would be greatly appreciated

March 4th, 2014, 04:07 AM

Just to pre-empt the RTFM response, I've been looking into this and based on this post ( MultiCharts: Trading Software for Automated Trading and [AUTOLINK]Backtesting[/AUTOLINK] ? View topic - [FAQ] [AUTOLINK]EasyLanguage[/AUTOLINK] / PowerLanguage) on the MC website I've added the daily chart to the tick charts to reference the higher timeframe data.

The only problem is that I am getting yesterdays Open price rather than today's open price. This is probably because the charts are referenced differently in MC, at the closing of the period rather than the start, is that right? So based on that do I have to take the open price from the hourly chart @ the close of the first bar?

Here is the code, I am sure it is wrong, I've chopped and changed it so many times:

Code

var: dOpen(0, data2);
dOpen =  OpenD(0) Data2;

print(OpenD(0):0:5, " " , dOpen:0:5);

I'm seriously lost here so would appreciate some help.

ABCTG · March 4th, 2014, 05:01 AM

Hi damnpenguins,

if you have already added the daily chart to your tick chart as data 2, I would suggest simply changing your code so that you use the Open directly:

Code

var: dOpen(0, data2);
dOpen =  Open Data2;

print(OpenD(0):0:5, " " , dOpen:0:5);

Regards,
ABCTG

March 5th, 2014, 04:39 PM

Cheers!

Quick question - Daily Open

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Quick question - Daily Open