JimRobo:
Almost, the Open is the Bid price for the first tick within the 7am hour, the Close price is the Bid price for the last tick that occurred during the 7am hour.
Hi,
I have a newbie question on charting in MT4 ..
If I take 1 Hr chart, how are open and close prices for each bar determined ?
Is the bar drawn to the clock .i.e price@07:00:00 is open pos, price@08:00:00 as close for 7am-8am bar or is there some other logic used ?
![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hi,
I have a newbie question on charting in MT4 ..
If I take 1 Hr chart, how are open and close prices for each bar determined ?
Is the bar drawn to the clock .i.e price@07:00:00 is open pos, price@08:00:00 as close for 7am-8am bar or is there some other logic used ?
Thanks in Advance ..