Hi Sherri,
Thanks for chiming in with your thoughts on this. I'm thinking that it may relate to a known flaw we have on our list to fix. Previously, this was most associated with electronic traded futures contracts that trade through out the night and is only evident on daily bars.
Let me explain. Each day at 3pm pdt the next day's trading open's up for Forex. Our flaw is that we don't currently have a way for the new bar to start under the next day's date, thus preserving the current day's bar. So the current day's bar get's blown out and a new bar starts updating. Then at midnight a new bar is created under the new day's date. The open will be as of 3pm pdt of the prior day and will incorporate all trades that have happened from 3pm pdt on. The previous day's bar will be updated to reflect 24 hours of trading beginning at 3pm pdt of the prior day. For example, if it's midnight and the new day's date is now Thursday, May 27, then the bar for Wednesday, May 26 will consist of the open as of 3pm pdt Tuesday, May 25 thru the close at 3pm pdt Wed., May 26th.
I hope I was able to explain this clearly. It's the only thing I can think of that is causing the differences users are seeing. I've been monitoring this for the last several weeks and haven't seen any other differences than that I have described.
Andy
Thanks for chiming in with your thoughts on this. I'm thinking that it may relate to a known flaw we have on our list to fix. Previously, this was most associated with electronic traded futures contracts that trade through out the night and is only evident on daily bars.
Let me explain. Each day at 3pm pdt the next day's trading open's up for Forex. Our flaw is that we don't currently have a way for the new bar to start under the next day's date, thus preserving the current day's bar. So the current day's bar get's blown out and a new bar starts updating. Then at midnight a new bar is created under the new day's date. The open will be as of 3pm pdt of the prior day and will incorporate all trades that have happened from 3pm pdt on. The previous day's bar will be updated to reflect 24 hours of trading beginning at 3pm pdt of the prior day. For example, if it's midnight and the new day's date is now Thursday, May 27, then the bar for Wednesday, May 26 will consist of the open as of 3pm pdt Tuesday, May 25 thru the close at 3pm pdt Wed., May 26th.
I hope I was able to explain this clearly. It's the only thing I can think of that is causing the differences users are seeing. I've been monitoring this for the last several weeks and haven't seen any other differences than that I have described.
Andy
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