hi,
How do different forex charting software handle 'holes' - time periods without price change.
MTF4 has the approach: http://articles.mql4.com/136
In MT 4, only those bars are drawn, within which at least one price change took place. If no price change occurred within a minute, a one-bar gap will occur in the chart with one-minute period.
The developers have deliberately chosen this way of charts drawing since the most traders that use their product prefer charts, which contain only existing prices. Nevertheless, there are users who like continuous charts. They prefer the bar to be drawn if even its open price is equal to the close price of the preceding bar. Thus, there will be no gaps in the time scale of the chart, and 100 bars will always correspond with 100 minutes in the one-minute chart. These data can be different in the current realization. For example, 100 minutes can "fit" in 98 bars if there were 2 minutes among them when no quotes had income.
Anyone knows how such times without price change is handled on other forex platform.
How do different forex charting software handle 'holes' - time periods without price change.
MTF4 has the approach: http://articles.mql4.com/136
In MT 4, only those bars are drawn, within which at least one price change took place. If no price change occurred within a minute, a one-bar gap will occur in the chart with one-minute period.
The developers have deliberately chosen this way of charts drawing since the most traders that use their product prefer charts, which contain only existing prices. Nevertheless, there are users who like continuous charts. They prefer the bar to be drawn if even its open price is equal to the close price of the preceding bar. Thus, there will be no gaps in the time scale of the chart, and 100 bars will always correspond with 100 minutes in the one-minute chart. These data can be different in the current realization. For example, 100 minutes can "fit" in 98 bars if there were 2 minutes among them when no quotes had income.
Anyone knows how such times without price change is handled on other forex platform.
__Thanks__ MJ