Tracking Intraday Percentage Change from the Daily Open
Summary
The Intraday Spark Chart plots an asset’s percentage change from its daily opening price as an intraday line and filled area. It uses green when price is above the open and red when below, with a zero baseline, day separators, daily-open labels, and session labels that update with the current percentage change and retain the completed day’s result. Users can select another symbol to compare its intraday movement without changing the chart they are viewing.
The indicator is intended for intraday charts and displays a warning on timeframes above four hours. Its description suggests using the plot to monitor session direction, opening-range behavior, or relative strength across assets. These are visual prompts rather than validated entry or exit rules: the document gives no backtest, performance evidence, or method for controlling risk. Interpretation also depends on the selected symbol and its daily-session data.
Key ideas
- The plot measures an asset’s percentage move from its daily open.
- Color and the zero baseline show whether price is above or below that reference.
- Session markers and labels identify daily opens and track current or completed daily changes.
- A selectable symbol allows intraday comparison while remaining on the active chart.
- The indicator is designed for intraday use and warns on timeframes above four hours.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.