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Saturday
Mar172012

Prev time of Year

Prev time of Year

Prodigio Description:
Returns a specific value from a previous time of the current year.  It is important to note that in this implementation, the value will be set when the current time reaches the specified time of the current year; the previously set value will be used up to that time (be sure to use time filters if this is important to the rule).  The same value (from the specified time) is produced again on each bar so it can be used in evaluation of the current state of the market (in other words, using the Prev study on the output of this study still returns the value one period ago, which is usually the same value).  If you are targeting a specific OHLC bar, use the start time of the bar (e.g. 09:45 for the 15-min bar from 09:45-10:00).

 

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