Hans Posted May 22, 2023 Report Share Posted May 22, 2023 Hi On the daily chart, MT begins drawing the current day' candle during the premarket session. I find it to be a bit confusing as the market is not yet open. Can MT be configured to draw this candle during regular market hours only? Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted May 22, 2023 Report Share Posted May 22, 2023 by default the historical charts are set for real-time updates, in which case the last candle is computed from the intraday quote's OPEN, HIGH, LOW and LAST, whatever they are. If you turn off the real-time option on SETTINGS / CHARTS / GENERAL, then it will just show whatever data comes from the backfill and not do computations itself. That data will not have ext. hours, but won't auto update either. Quote Link to comment Share on other sites More sharing options...
Hans Posted May 23, 2023 Author Report Share Posted May 23, 2023 Not sure I understand. I do want today's candle to print on the daily (historical chart) during the regular session only, but not outside of the regular session. At the same time I'd like to monitor premarket data on an intraday chart. Is that doable in MT? Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted May 23, 2023 Report Share Posted May 23, 2023 intraday chart is separate. If you turn off real-time options on historical, you basically lose the auto updating. So if you backfill, today's candle should update (with most sources) but will not update again until it is backfilled again Quote Link to comment Share on other sites More sharing options...
mb4x4 Posted May 23, 2023 Report Share Posted May 23, 2023 Hi, I understand what Hans is saying cause, it throws me off occasionally. I guess another way to explain it is we don't want to FULLY disable real-time updating for historical cause it can be useful during regular hours (daily patterns, etc) but if there was an option to disable real-time historical updating ONLY during pre/post hours that would be helpful. From 4AM-9:30AM the historical would simply be paused at previous days close, resume real-time updating at open, then pause at close once again. All backfilled historical candles only take into account regular hours so why have the current daily candle update real-time during pre/post when there's an intraday chart. Hope that helps. Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted May 23, 2023 Report Share Posted May 23, 2023 basically that significantly complicates things. If we just get the last 4:00 PM RT data (or whatever the close time is for the timeframe) , that slows things and also does not guarantee that it is the official close If we turn off RT updates so it falls back on backfill data, well, the backfill may have been done hours ago so the candle will be totally inaccurate If we turn off RT updates and backfill, then chances are that the Hist Backfill candle will not have close yet, since hist data can be delayed depending on the datafeed. And the candle would stay that way since no RT updates and no auto backfills. Quote Link to comment Share on other sites More sharing options...
mb4x4 Posted May 23, 2023 Report Share Posted May 23, 2023 Makes sense, just helping to clarify. Quote Link to comment Share on other sites More sharing options...
mb4x4 Posted May 25, 2023 Report Share Posted May 25, 2023 Just to add a bit more as it's something I just noticed, during premarket (aka. Now) the current daily candle is still yesterdays candle. Today is the 25th but the active daily candle is still 5/24. Doesn't seem right... Quote Link to comment Share on other sites More sharing options...
mb4x4 Posted May 25, 2023 Report Share Posted May 25, 2023 Seems it prints a new candle at 8AM EST and not the start of premarket 4AM EST. Quote Link to comment Share on other sites More sharing options...
Hans Posted May 25, 2023 Author Report Share Posted May 25, 2023 Thanks mb4x4 That long green candle on your daily is the premarket action from today. Interestingly, the chart in your first post labels this candle 5/24 but in the chart in your second post it's labeled 5/25. Mine looks similar to your second post, printing that long green candle on the daily based on premarket action while the market is still closed. There should be no candle just yet as the daily should represent regular market hours action only, exluding PM/AH. I wonder how the candle will look like once the market opens. Quote Link to comment Share on other sites More sharing options...
mb4x4 Posted May 25, 2023 Report Share Posted May 25, 2023 (edited) Yes, it began printing the 5/25 daily at 8AM EST which is a bit strange IMO. I can see how printing of a daily candle AT ALL during premarket can be confusing because the market hasn't even opened, daily candles don't factor in extended hours. Edited May 25, 2023 by mb4x4 Quote Link to comment Share on other sites More sharing options...
mb4x4 Posted May 25, 2023 Report Share Posted May 25, 2023 (edited) To be fair to MT though, it seems different platforms treat daily candles in different ways. For example TDA doesn't print a daily candle during premarket but IBKR does. Edited May 25, 2023 by mb4x4 Quote Link to comment Share on other sites More sharing options...
Hans Posted May 25, 2023 Author Report Share Posted May 25, 2023 (edited) Interesting find. Normally I use TV for charting which doesn't print the candle in PM: Edited May 25, 2023 by Hans Quote Link to comment Share on other sites More sharing options...
Hans Posted May 25, 2023 Author Report Share Posted May 25, 2023 (edited) KBNT - market is now open, the long green candle that printed in PM is now replaced with the regular session candle. Strange. Edited May 25, 2023 by Hans Quote Link to comment Share on other sites More sharing options...
Hans Posted May 26, 2023 Author Report Share Posted May 26, 2023 23 hours ago, mb4x4 said: To be fair to MT though, it seems different platforms treat daily candles in different ways. For example TDA doesn't print a daily candle during premarket but IBKR does. I checked my IBKR TWS which does not show the premarket candle on the daily. I have turned off "Show data outside of regular trading hours" on my daily chart. Anyways, we now know that three other platforms provide the ability to print daily candles during market hours only. I hope this is enough to demonstrate that this standard practice in the market. Quote Link to comment Share on other sites More sharing options...
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