hi friends…i am having small problem…
in my daily chart of eur-usd
have u seen that…blue box… in that i am having 2 small candles…after the first candle in the box…
but i have seen some charts with only one candle…after that big 1st candle in chart…like below…chart…
any one find this?
I’m not sure but it “may” be related to the time at which your broker’s daily candle opens. However, only your broker can answer this in clear terms.
My EURUSD Daily chart looks like the second one.
its called the weekend candle.
Some platforms allow you to get rid of it.
What it does is make the weekend candle part of the monday candle.
Its important that we get rid of the weekend candle so that we can see the same candle pattern as most of the other traders out there.
The other major thing that will make our Daily candle look different is the candle closing hour.
The standard is NY closing hour or 5am GMT +8. Your new daily candle should open from this hour.
Otherwise you are going to be seeing something different from the majority of others.
All candles have the same high, and low regardless of the time zone or time frame. If you use these levels then you have nothing to worry about. However if you use the open or close prices then you may find fluctuations.
