6 daily candles during the week

Created at 29 Dec 2018, 06:40
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lec0456

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Joined 14.11.2012

6 daily candles during the week
29 Dec 2018, 06:40

I notice that for some reason during 2 weeks in november cTrader is generating 6 candles during the week,instead of 5.

You can see this here:

http://roboforex.ctrader.com/c/VtmPn

November 4-9 and november 11-16.

Basicaly, it apears that cTrader is generating a candle for sunday. It doesn't matter what you set the user time +2 or +3, all that does is make sunday part of the week before or the week after.

The question is why  or should sunday have a candle? It appears tradign for the week ends friday afternoon and resumes the following week on sunday or monday dependeing on your time zone. I would think the sunday candle should be part of monday's trading and not a separate candle.

Is there any explaination for this?

@lec0456
Replies

lec0456
29 Dec 2018, 06:49

by the way, according to the weekly series, Nov 4 is included in the previous week's open and close prices. So, the week  runns from 10/29, 10/30, 10/31, 11/1, 11/2, and 11/4!

You can see this here:

http://roboforex.ctrader.com/c/2tmPn

the purple dotted lines are the weekly hi and low from the weekly timeframe data.

@lec0456

lec0456
29 Dec 2018, 07:13

Interesting, I looked at 3 other brokers and this behavior does not occur. They generate the 5 candles as expected during the weeks mentioned and agregated weekly as expected. also, for the broker where the behavior was observed I did not find it occuring in the past. So, it appears to be just these 2 instances.

@lec0456

lec0456
30 Dec 2018, 02:54

Actually, IC markets also has 6 daily candles for the week of Nov1-6 and Nov 8-13.  It continues with some very strange behavior.  The newyork market ends at 16:00 EST on friday instead of 17:00 and then resumes on sunday for the last hour of trading, this is all being agregated into friday's daily candle.here is an example:

http://icmarkets.ctrader.com/c/m8mPn  

@lec0456

lec0456
30 Dec 2018, 02:55

RE:

lec0456 said:

Actually, IC markets also has 6 daily candles for the week of Nov1-6 and Nov 8-13.  It continues with some very strange behavior.  The newyork market ends at 16:00 EST on friday instead of 17:00 and then resumes on sunday for the last hour of trading, this is all being agregated into friday's daily candle.here is an example:

http://icmarkets.ctrader.com/c/m8mPn  

thats in 2015

@lec0456
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