A simple question...
I managed to use a H1 chart x 24 to make daily charts then Timeshift them (-7) to change my brokers server time to NY EST. My question is how do I take out the Sunday candle. I want a 5 day chart with no Sunday candle so how is this done in plain English? I know you mentioned something in the first post but to me it was Klingon speak.
Thanks for this indicator, just makes me wonder why MT4 developers make life so hard by not including a choice to choose your timezone?!
I am looking forward to your help,
The vast majority of brokers provide just 120 bars (or less) per week. The "Klingon speak" to which you refer is directed and those who have a broker with some different times than GMT+2 which already have the 5 Daily bars/week. If, for example, you had a native GMT-5 broker (6 Days/week), then you could generate +7H timeshift charts to synthesize "GMT+2", and THIS would be the way to get 5 Daily bars/week.
Your brokers GMT+2 feed is probably 120 (or less) Hourly bars. Notice how "120" can be divided into exactly 5 Daily bars? (5x24=120). I'm guessing you already have 5 Bars/week on your charts, right?
So starting with your GMT+2 feed, you created a GMT-5 feed. (By the way, IMO these two feeds are the most useful and "legitimate", but it's just my opinion). You're trying to take 120 bars/week and split them with a different starting time-of-day, and as such you're going to get 6-Daily-bars-per-week.
The only way for the program to avoid this would be for it to combine the short Sunday bar and lump the Open/High/Low, with the Monday OHLC values. You would then be creating a Monday with 24+7 hours = 31 hours total. While it's "possible" to do this lumping, it is beyond the present scope of what the program was written to do, and I have no plans at present make this rather complicated enhancement.
If you want 5 Daily bars/week, then stick with your current GMT+2 native feed. But if you want to experiment with the GMT-5 feed, you'll have to tolerate 6-Daily bars/week. (It's actually not too bad IMO).