FTB-C000292 / Formula component

Open-Close Equality Tolerance

Open-Close Equality Tolerance is the maximum governed open-to-close difference treated as effectively equal.

Also known ascandle equality tolerance

Intermediate 1 linked topicEvidence-reviewed

Definitions

In plain terms

It handles tick size, rounding, floating-point representation, or scale-aware classification without pretending every near-equal pair is exact.

Technical

The contract stores units, reference scale, threshold factor, inclusivity, price precision, and effective version.

Scope

Tolerance must not silently change between research and production.

Examples

  • A governed lesson uses Open-Close Equality Tolerance only with declared inputs, timing, parameters, and edge-case behavior.

Common misconceptions

  • Tolerance must not silently change between research and production.

Concept relationships

Prerequisites

Related

Where this concept is used

Evidence and governance

  1. TA-Lib Global Candle Settings TA-Lib · first party technical publication

    Supports: preferred label, short definition, technical definition

    Limits: TA-Lib defaults are library conventions and do not establish universal definitions for small or large candle bodies.

Reviewed by
fintech-builder-batch-006
Last reviewed
2026-07-27
Next review
2027-07-27
Record status
evidence reviewed

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.