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The Check Open indicator allows you to make sure that the entry price of a trade is above or below the previous bar’s high, low, or close by a certain percent.

The calculation is performed as follows:

Take the high, low, or close price of the previous bar and multiply it by the desired percent. If your system is a long system, Investigator will add this value to the previous bar’s high, low, or close. If your system is a short system, Investigator will subtract this value from the previous bar’s high, low, or close.

Investigator will then see if the open is above or below this value.

Calculation Example

Testing Dialog Box

Reference: None.