Direct answer
A worked example of “Daily” is a fully specified numerical scenario that shows how you would read and calculate something using the daily timeframe (one day per candle), starting from clearly stated inputs (dates, prices, and the exact formula). The goal is to make the mechanics reproducible so you can verify the steps without assuming future outcomes.
Mechanism or definition
In forex charting, “Daily” usually means the daily timeframe: each candlestick (or bar) summarizes price movement over one calendar day. Common elements you may use are the daily open, daily high, daily low, and daily close.
A worked example also separates stable mechanics from variable conditions:
- Stable mechanics: the math you apply to candle values (for example, computing a percentage change from open to close).
- Variable conditions: what prices you observe for those candle values, plus costs and execution details that can change realized outcomes.
Because outcomes vary, it helps to explicitly define the calculation. For example, you can define “daily move (percent)” as:
- percent_move = (daily_close − daily_open) / daily_open × 100%
Evidence or example
Worked scenario (assumptions stated):
- You look at one specific trading day. You choose the candle’s daily open and daily close from your data source.
- Assume the daily open is 1.1000 and the daily close is 1.1060 for that day.
- Assume the calculation uses only open and close (ignore high/low), and uses the formula percent_move = (close − open) / open × 100%.
Numerical calculation:
- Difference = 1.1060 − 1.1000 = 0.0060
- Percent move = 0.0060 / 1.1000 × 100% ≈ 0.5455%
What you can independently verify:
- If you substitute your own daily open and close from your chosen chart/provider for the same day, you should reproduce the same percent_move (up to rounding) using the stated formula.
A second simple worked calculation (range, with assumptions):
- Assume the daily high is 1.1080 and the daily low is 1.0950.
- Define “daily range percent” as (high − low) / open × 100%.
- Use the same open 1.1000.
Numerical calculation:
- Range = 1.1080 − 1.0950 = 0.0130
- Range percent = 0.0130 / 1.1000 × 100% ≈ 1.1818%
These are examples of how “Daily” can be demonstrated with transparent arithmetic. They do not claim that any future day will behave similarly.
Limitations and risks
At least one material limitation is that “Daily” results are sensitive to what the data source defines and how your platform constructs candles. Even if the timeframe is daily, differences in session handling, time zones, and candle construction can affect the open/close values you use—especially around rollover.
Other failure modes to keep in mind:
- Costs and execution: Calculations on candles do not automatically include spreads, commissions, or slippage. A back-tested or theoretical move can differ from what you could actually achieve.
- Gaps and missing liquidity: Daily candles can include sudden jumps. Candle-based summaries may hide the path taken intraday.
- Non-predictive historical relationships: Historical daily changes (like the percent_move you computed) do not establish that future daily moves will be similar.
Verification or next question
To verify your own “worked example of Daily,” pick a specific date and then record:
- The daily open and daily close (and optionally high/low) exactly as shown on your chosen chart/provider.
- The exact formula you apply and the rounding rules.
- Whether you used calendar-day definitions or any platform-specific session settings.
If you want, you can tell me which calculation you mean by “worked example” (open-to-close change, high-to-low range, or something else), and I can help you set up a fully specified numeric scenario with explicit assumptions—without treating it as a trade signal or promising outcomes.