OpenY (Function)
DisclaimerThe OpenYseries function allows you to reference the yearly open of a previous year in an intraday chart (minute
Syntax
OpenY(PeriodsAgo)
Returns (Double)
The yearly open price from a specified number of years ago. If there is not enough data, the function will return –1.
Parameters
|
Name |
Type |
Description |
|
PeriodsAgo |
Numeric |
Sets the number of years back to reference a previous year’s open price. (0 = This year's current open) |
Remarks
You must have enough intraday data in the chart in order to look back and reference any previous yearly open. For example, if you want to look back at the open of 7 years ago on a daily chart, you must have at least 8 full years of daily bars in the chart.
The value for the PeriodsAgo input parameter should always be a whole number greater than or equal to 0. Setting PeriodsAgo to 0 returns this week’s current open.
Example
In order to place a buy limit order at the open of the previous year you would write:
Buy Next Bar at OpenY(1) Limit;