 |
allan nathan
2012-09-21 19:22:17
|
|
I am a bit confused.
What do you reference for the close price of a weekly bar?
Is it Fridays close or Mondays close.
I am looking at US Steel,symbol X
For the weekly chart with the chart date of 9/10/2012 you have a closing price of 22.35.That is a Monday.
The DAILY closing price on Monday 9/12 was 20.7.
If I go to 9/14 on the daily charts which is a FRiday,the closing price is 22.35,which is the same as the weekly close of 9/10/2012.
I noticed this as i sync a daily and weekly chart.There seems to be an inconsistency and have never seen anyone use a Monday close for the weekly price..
Any thoughts?
Allan
|
|
|
 |
QuantShare
2012-09-21 19:50:00
0
|
|
For weekly bars, the "9/10/2012" bar corresponds to the bar that starts on Monday and finish on Friday. The closing price on Friday was 22.35.
|
|
|
|
|
allan nathan
2012-09-21 20:06:35
0
|
|
I understand that,The problem is if you link symbols and set up a daily and weekly chart on the same symbol,they are not synced.
Link X to a weekly and daily chart amd place the cursor on the weekly to 9/10/12.You get a closing price of 22.35.Look where the cursor is on the daily.It also says 9/10 but it has a closing price of 20.7. Thats a difference of 7.38%
You are creating a mismatch in the manner which you do it and you can not sync the charts of daily vs weekly
|
|
|
|
|
QuantShare
2012-09-22 12:11:15
0
|
|
When you click on a bar in a weekly chart, the synchronized daily chart will display the bar of the start date (Monday). The closing price is of course not the same. For chart analysis, I think it is better than displaying the Friday bar.
=> You are creating a mismatch in the manner which you do it and you can not sync the charts of daily vs weekly
It is not a mismatch. We have implemented it that way. Sync daily and weekly charts doesn't mean that will get the same close price.
Here is an example:
When you click on any Tuesday on a daily chart, do you expect to get the same close price in the weekly chart? of course not.
|
|
|
|
|
allan nathan
2012-09-22 19:39:46
0
|
|
Yes,I do expect do get the same chart value on the daily and the weekly if I click on the daily and the weekly.Not saying there is any significance to it,but that is how I do it as well as the other charting packages I have.If I click on a Tuesdays daily chart,and then go to the week;y,I should see the same close even though the week is only 2/5 th completed.When I click on Friday on the daily,I expect to see the same closing value for the weeklys close on Friday.That is how I sync a chart.Again,not saying it is the only way,but it appears to be the most consistent.
|
|
|
 |
SystemTrade
2012-09-24 07:37:11
0
|
|
For intraday-charts there is a setting (Intraday Settings >> Settings >> How to mark time stamp of compressed intraday bars) that allows specification whether the bar time is interpreted as the start time or end time of the interval.
Wouldn't be a similar setting helpful here?
|
|
|
|
|
|
|
0
