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weekend data manipulating indicators

  • #1
  • First Post: Dec 10, 2006 10:43pm Dec 10, 2006 10:43pm
both my mt4 feeds show a small doji candle on the daily with a range of maybe <20 pips reflecting some trading that took place over over the weekend. The problem is that it messes up my intraday pivot point indicators on Monday's as the S/R levels are obviously calculated from the previous day. It also puts some of my medium term EMA's slightly off.

does anyone know how i can set it to ignore weekend data?

Thanks
  • #2
  • Dec 10, 2006 10:49pm Dec 10, 2006 10:49pm
I believe O an da allows you to ignore that data.

Lou
  • #3
  • Dec 10, 2006 10:51pm Dec 10, 2006 10:51pm
Quoting Lou
I believe O an da allows you to ignore that data.

Lou
i was talking about MT4 (thread is in the MT4 forum)
  • #4
  • Dec 10, 2006 11:36pm Dec 10, 2006 11:36pm
IBFX customer support didnt know either
  • #5
  • Edited 2:23am Dec 11, 2006 12:06am | Edited 2:23am
maybe if i post the file here one of the coders could maybe a add a "use previous day" function built with a tab in the soft settings which i can switch on during Mondays ?
  • #6
  • Dec 11, 2006 2:57am Dec 11, 2006 2:57am
anyone?
  • #7
  • Dec 11, 2006 4:54am Dec 11, 2006 4:54am
Your <20 pips Doji is something obligatory. The price gapped between saturday close and monday open, Somehow this must be shown.

As to adapt changes: If you post / PM me the indicator I can have a look at it.
  • #8
  • Dec 11, 2006 5:18am Dec 11, 2006 5:18am
That small size doji is not because price gapped but because that broker opened right before the calendar day ended, 24:00, and at 00:00 a new day started. This is the reason it is small, cause it isn't a whole 24 hours day.

As for fixing it (hiding it)...I don't know if it is possible, at least not an easy task, but if someone is willing to research for a solution here's a script that _includes_ weekend data in the charts so probabily something along these lines is needed to _remove_ data from charts: http://articles.mql4.com/136
-soso
  • #9
  • Dec 11, 2006 6:05am Dec 11, 2006 6:05am
here is what im talking about.. its an IBFX feed but i get the exact same thing with FB aswell.
Attached Images
  • #10
  • Edited 6:39am Dec 11, 2006 6:20am | Edited 6:39am
Quoting fukinagashi
Your <20 pips Doji is something obligatory. The price gapped between saturday close and monday open, Somehow this must be shown.

As to adapt changes: If you post / PM me the indicator I can have a look at it.

thanks. its the pivot point calculator by habeeb http://www.forexfactory.com/forexfor...autopivotpoint i have been using it for many months. great indicator btw...
  • #11
  • Edited 6:43am Dec 11, 2006 6:24am | Edited 6:43am
Quoting soso_beton
That small size doji is not because price gapped but because that broker opened right before the calendar day ended, 24:00, and at 00:00 a new day started. This is the reason it is small, cause it isn't a whole 24 hours day.

As for fixing it (hiding it)...I don't know if it is possible, at least not an easy task, but if someone is willing to research for a solution here's a script that _includes_ weekend data in the charts so probabily something along these lines is needed to _remove_ data from charts: http://articles.mql4.com/136
yeh looking at it from the 15m confirms what you have said about it not being a whole day.. it covers 1.25 hours with IBFX and FB (see attachment in previous post).
  • #12
  • Dec 11, 2006 6:37am Dec 11, 2006 6:37am
im surprised no ones mentioned this in the past. There must be HEAPS of people here that use IBFX MT4 + some kind of autopivot indicator... maybe because im GMT+10? (doubt that would have anythin to do with it though)
  • #13
  • Dec 11, 2006 7:16am Dec 11, 2006 7:16am
does any1 kno an mt4 feed that doesnt do this? ill switch to there charts for the time being
  • #14
  • Dec 11, 2006 7:24am Dec 11, 2006 7:24am
Quoting syd360
does any1 kno an mt4 feed that doesnt do this? ill switch to there charts for the time being

fxdd and northfinance for example
  • #15
  • Dec 11, 2006 7:31am Dec 11, 2006 7:31am
Quoting ART_1_
fxdd and northfinance for example
thanks buddy ill go straight to NF. btw reason i havent brought this issue up before is because i never trade Mondays anyway so hasnt been an issue but now i just wanna "watch" the price action vs the pivots.. i stay on the sidelines every monday for a range of reasons but i guess i should start a different thread if i want to get into that
  • #16
  • Dec 11, 2006 7:46am Dec 11, 2006 7:46am
  •  tesla
  • Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
On Blackberry, so short post.

I believe I posted pivot indicator which uses Friday data for Monday session. Search my posts.

Will confirm once I get to the office.
  • #17
  • Dec 11, 2006 7:56am Dec 11, 2006 7:56am
Yeah, I was also suprised when I first noticed this "unusual" bar This completely messes up any strategy that includes bar counts or anything related.

Quoting syd360
im surprised no ones mentioned this in the past.
-soso
  • #18
  • Dec 11, 2006 7:47pm Dec 11, 2006 7:47pm
Quoting tesla
On Blackberry, so short post.

I believe I posted pivot indicator which uses Friday data for Monday session. Search my posts.

Will confirm once I get to the office.
thanks tesla. im assuming your talking about this http://www.forexfactory.com/forexfor...ead.php?t=5538. ill give it a try next monday wen i get that annoying candle again. cheers
  • #19
  • Last Post: Dec 12, 2006 11:01pm Dec 12, 2006 11:01pm
  •  tesla
  • Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
Yup, that's the one. It uses Friday's numbers for Monday's pivots.
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