Has anyone ever noticed that the open price on the daily bar is often different from the open price on the first intraday bar(any time frame)?
For example- using QQQ:
8/22/02- Daily Open=25.94 Intraday Open=25.74
8/26/02- Daily Open=25.32 Intraday Open=25.30
8/27/02- Daily Open=24.97 IntradayOpen=25.43---.46!!!
8/28/02 - Daily Open=24.02 Intraday Open=24.05
etc.
The Open price in Quote Sheets and Snapshot=Intraday Open.
It isn't everyday but it's quite often. So, what's the real open
price? Shouldn't the daily open be the daily open? Or am I missing something?
I use 3rd party software for backtesting and base intraday trades off of the daily open--quite frustrating!
Is this the same with other data providers?
kempo
For example- using QQQ:
8/22/02- Daily Open=25.94 Intraday Open=25.74
8/26/02- Daily Open=25.32 Intraday Open=25.30
8/27/02- Daily Open=24.97 IntradayOpen=25.43---.46!!!
8/28/02 - Daily Open=24.02 Intraday Open=24.05
etc.
The Open price in Quote Sheets and Snapshot=Intraday Open.
It isn't everyday but it's quite often. So, what's the real open
price? Shouldn't the daily open be the daily open? Or am I missing something?
I use 3rd party software for backtesting and base intraday trades off of the daily open--quite frustrating!
Is this the same with other data providers?
kempo