OS_FracDaysToExp (Function)

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The OS_FracDaysToExp function returns the fractional portion remaining in a current session. This function is designed primarily for use in OptionStation.

Syntax

OS_FracDaysToExp(TargetCalcTime)

Returns (Double)

A numeric value representing the fractional portion of the session at the point of the target time specified.

Parameters

Name	Type	Description
TargetCalcTime	Numeric	Sets the current time of the bar in minutes from midnight.

Remarks

The fractional portion of the session at the point of the target time is subtracted from the whole days to expiration, to more accurately calculate intra-day value for days to expiration.

Example

Assigns to Value1 the fractional portion remaining in the current session. You can subtract the fractional value from the whole days to get a more accurate intra-day value for days to expiration.

Value1 = OS_ FracDaysToExp(LastCalcMMTime);

Value2 = DaysToExpiration – Value1;