• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 3:36pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 3:36pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Tick Bars and/or Range bars 5 replies

Create daily bars from hourly bars? 1 reply

Small help with the code to count up-bars and down-bars 12 replies

It's interesting how different range bars are from regular bars 0 replies

Inside bars vs pin bars 3 replies

  • Rookie Talk
  • /
  • Reply to Thread
  • Subscribe

Close of daily bars

  • Post #1
  • Quote
  • First Post: Nov 25, 2009 12:30pm Nov 25, 2009 12:30pm
  •  Jonah1
  • | Joined Nov 2008 | Status: Member | 26 Posts
Newbie question: it it up to the individual broker to decide when to close the daily bar?

Also, working with daily bars, would you recommend that I check the bar once a day or several times a day looking for price action. I know it's basic stuff, but Im new at this and could use some guidance. I would imagine the best time would be at the close of the bar.
Am I wrong?

Thanks for your time!
  • Post #2
  • Quote
  • Nov 25, 2009 4:05pm Nov 25, 2009 4:05pm
  •  enivid
  • Joined Aug 2009 | Status: Member | 461 Posts
1. Brokers close daily bar when they close the hourly bar that they opened on 23:00 by their server time.

2. If you trade on the daily chart then it's better to take on the account only the closed bars.
 
 
  • Post #3
  • Quote
  • Last Post: Nov 25, 2009 5:03pm Nov 25, 2009 5:03pm
  •  philmcgrew
  • Joined May 2005 | Status: I am not your bro | 1,302 Posts
You need to check with your broker to find out when daily bars open/close. A lot of them use 1700 ET which is the unofficial close of the US session and beginning of the Pan-Asian sessions.

A daily bar is going to close 24 hours after your broker starts providing data on Sunday night/Monday morning (depending on where you are in the world).
 
 
  • Rookie Talk
  • /
  • Close of daily bars
  • Reply to Thread
0 traders viewing now
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2022