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Registered User
Joined: 3/2/2005
Posts: 17
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when i export a 15 minute chart, aud/cad...fx chart, i look at the data and see a one minute bar at the end of each mid week day at 23:59 and at the end of the week, the last trading bar shows a time of 5pm and the first trading bar on sunday shows 5 pm.
My first question is...why the one minute bar at the end of the day?
My second question is....if trading ends at 5pm on Friday, the last bar should be 4:45 which would cover the time period from 4:45 to 5pm....what time period does the last bar on friday cover? the one that starts at 5pm?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Bars aren't indicated by the time they start, but by the time they end. So the 5 PM bar runs from 4:45 PM to 5:00 PM.
The daily bars actually run from midnight to midnight (I know this isn't the preference of most Forex traders). The open of the daily bar is the open of the midnight bar. The close of the 11:59 bar is the close of the daily bar.
The midnight bar is an artifact of the way bars are constructed in the program. TC2000 was originally developed for stocks and Forex is a relatively recent addition. There are changes which would need to be made to the program to fully incorporate the preferences of most Forex traders.
Thank you for your suggestion. It has been submitted to development for consideration to be included as a feature in a future version of TC2000.
-Bruce
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Registered User
Joined: 3/2/2005
Posts: 17
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Thanks Bruce
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Registered User
Joined: 3/2/2005
Posts: 17
|
One other question, if bars are indicated by the time that they end, for instance a bar labeled 5 pm is for the time frame 4:45 to 5pm... then, what about the first bar of the week in fx that occurs on Sunday?
There is a 5pm bar on sunday to start the weeks trading. and trading begins at 5 pm.. so what is the 5pm bar?
Just to refresh, I was looking at the data of a 15 min chart of AUD/CAD. I was confused by the last bar of each day and the last bar of each week. You answered that. So if a bar time is actually the end of the data period, then the starting bar on sunday is confusing as trading begins at 5 pm and the first bar is listed as 5pm?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is probably only a second (or even a single trade) long.
-Bruce
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Registered User
Joined: 3/2/2005
Posts: 17
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Ok, Thanks Bruce
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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