This custom study is the closing price of the active instrument at a user specified time.
HourX is used for calculating the closing price.
Formula of curve:
Close(@) WHEN Hour(@) = HourX
In this example, the study displays the movement of price in an hour in advance of 8 a.m. (the user specified time) and constant value equals to the closing price at 8 a.m. for the rest time of the day.
Setup parameters:
•Display
•OB/OS