Candle Chart Differences

Hello, maybe it's a stupid question

but if we have different time zones the candles are different, right?

And if we have different brokers also this distorts a universality of charts?

If so, how can be credible price action, trendlines, etc. for everyone?

thanks

It is credible you just need to understand what a candle is really showing ...

-SM

so to make you understand what i'm saying ill give you a little example

Broker A and Broker B with two different closes for the candle timings


Broker A shows a huge spike and pulls it back

Broker B closed the candle before price pulled it (which would have made it a spike candle)


In technical terms the candle of Broker A would be a spike candle (hammer, doji etc), and candle of Broker B would be a full body candle going up with no spikes.
So the question would be how would broker B know that there is a spike candle at the top... and the answer is to simply look at the next candle instead because quite possibly such a spike would be represented by a Rail Road track sort of candle.

So 2 candles forming Rail road formation is theoretically one Spike candle. and so if you really get your head into what price action candlesticks are doing i think you would understand whats going on, even if a small change of the candlestick pattern exist across brokers.


Pls dont mind the length of the arrows and assume it is the same length. What im showing is it is the same thing.

Also this is the same way we understand candlestick formations between other time-frames. (A RR track in H1 guarantees an M/A formation in M15)
This is how i understand candlestick formations.

yes...yes...yes...finally someone is getting closer to understanding the manipulation of time (relativity) on charts that i have been screaming about. There is major manipulation done within mt4 that lead me to my discoveries of ignoring charts and price itself!

Edit: If you really want to analyze charts, do it via line chart and focus only on the closing price.

Edit: I will repent saying this.....there is a fundamental function missing in MQL language BY DESIGN. please focus on what is not easily possible in MT4 and you will know most of my discoveries and why I have chosen to ignore PRICE (vs Time) from my entire strategy.

HINT: Ask yourself WHY MT4 has sooooo many "servers" around the globe across soooany brokers. Are they physical or virtual servers? Why there is a demo and a live "server"? Why there are broker-specific "servers"?

Someone asked the same questions in another thread & I'll give the same answer...

" This is only due to the fact that different brokers use different server times.

Most major players will only ever trade with a 5pm ET NY Time end of day new Day Candle. Currently +3 GMT It's all I will ever use period! I want to be looking at the same patterns the bigger players are. During Europe DST it will be GMT +2"

In all honesty, if the markets open at 5pm Sunday evening ET & close 5pm Friday ET there is no reason that you should be trading with any broker that does not have server time +3 GMT if you are no candle patterns will match up to a +3 GMT broker.

G