What is Daily Open?
Daily Open is a price-like reference level, not an oscillator. The engine resolves it from the real exchange candle containing the evaluation timestamp.
Market structure & levels
Daily Open explained
The Daily Open is the opening price of the current exchange daily candle. It provides a simple fixed reference for intraday price location.
How it works
Once the daily candle opens, its open remains the reference throughout that candle. AlertoWatch does not synthesize a daily open when the required exchange candle is unavailable.
How traders often interpret it
Price above the Daily Open is often interpreted as stronger intraday positioning, while price below it can be interpreted as weaker positioning. A cross simply reports a location change.
Using Daily Open in AlertoWatch
Turn the indicator relationship into a precise monitored condition. These are plain-English rule ideas, not recommendations or promises about market outcomes.
- Alert me when price crosses above the Daily Open.
- Alert me when price crosses below the Daily Open.
- Alert me when price is above Daily Open and RSI is above 50.
Limitations
Daily Open is a reference level and does not predict trend persistence or reversal. Availability depends on real exchange candle data.
FAQ
Is Daily Open a trend indicator?
No. It is a fixed reference level.
Does AlertoWatch synthesize missing daily candles?
No. The documented engine uses real exchange candles.
Can it be combined with other indicators?
Yes. It can provide session context for momentum, range, or volume conditions.
How is Daily Open exposed?
It is available as a price-like level in supported crossover rules.