This is a technical question. FX data server related.
Looking at MT4 M1 charts, after a Friday close and Sunday 22:00 GMT OPEN in Asia, brokers compile the first M1 bar, which then is time-stamped within Historic Centre as Date GMT 22:05:00 Open High Low Close Volume.
My question is on what server tick data basis is this first bar compiled?
Do brokers use a certain formula based on the PRE OPENING of the FX market for instance? And why does O/H/L/C/V differ from one platform broker to the other?
Looking at the TICK BY TICK DATA that gets received by the MT4 platform on Sunday evening, the market already has produced from 21:05 GMT tick data. This data has not been compiled into any relevant historic bar on the charts.
I would appreciate if someone with expert data server knowledge in FX can provide me with a clear answer.
Thanks
Bernard
Looking at MT4 M1 charts, after a Friday close and Sunday 22:00 GMT OPEN in Asia, brokers compile the first M1 bar, which then is time-stamped within Historic Centre as Date GMT 22:05:00 Open High Low Close Volume.
My question is on what server tick data basis is this first bar compiled?
Do brokers use a certain formula based on the PRE OPENING of the FX market for instance? And why does O/H/L/C/V differ from one platform broker to the other?
Looking at the TICK BY TICK DATA that gets received by the MT4 platform on Sunday evening, the market already has produced from 21:05 GMT tick data. This data has not been compiled into any relevant historic bar on the charts.
I would appreciate if someone with expert data server knowledge in FX can provide me with a clear answer.
Thanks
Bernard
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