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TC2000 12.3 and Mutul Funds Rate this Topic:
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peterdiazdeleon
Posted : Friday, October 11, 2013 4:55:28 AM
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Joined: 3/8/2010
Posts: 30

Question,

 

When looking at mutual funds I am unable to get candle sticks on a daily chart?

If I change the time period from daily to 2 day, 3 day or 5 day,  I can get candle sticks on the chart.

 

Thanks

Peter

Bruce_L
Posted : Friday, October 11, 2013 7:59:42 AM


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Joined: 10/7/2004
Posts: 65,138

There will be intraday prices for ETFs, but not for most mutual funds. The Net Asset Value of most mutual funds is not normally calculated more than once a day.



-Bruce
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peterdiazdeleon
Posted : Friday, October 11, 2013 9:23:03 AM
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Joined: 3/8/2010
Posts: 30

QUOTE (Bruce_L)

There will be intraday prices for ETFs, but not for most mutual funds. The Net Asset Value of most mutual funds is not normally calculated more than once a day.

 Bruce, 

 

I am not looking at an intraday chart I am looking a a daily chart.  Every mutal fund has an open and a close.  So why no candle on the chart?  I don't understand.

 

Thanks

Peter

Bruce_L
Posted : Friday, October 11, 2013 9:32:27 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

No, every mutual fund does not have an open and a close. Most mutual funds aren't actually being traded as equities. Most mutual funds have a Net Asset Value which is calculated and released by the company managing the mutual fund at the end of each day.

There are no intraday values from which you would construct an OHLC bar. TC2000 version 12.3 does not plot bars or candles when OHLC data is not available.



-Bruce
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