anyone share some views here.
Hi doshur, the main chart is in Bid price, the tick chart shows both (Ask/Bid).
And the indicators are calculated mainly at Close price correct? And most of indicators use a parameter for this (Close, Open, High, Low, etc.).
So, in my opinion, use Close in your moving average makes more sense.
Hi doshur, the main chart is in Bid price, the tick chart shows both (Ask/Bid).
And the indicators are calculated mainly at Close price correct? And most of indicators use a parameter for this (Close, Open, High, Low, etc.).
So, in my opinion, use Close in your moving average makes more sense.
Close price is bid price or?
yes all MT OHLC are the bid price.
so should if I wants to code a condition where price cross moving average from below to above, or vice versa, I should use bid price only?
the only time you will get any price other than bid price is by checking the ask price. so much easier to use the bid prices for analysis as this will match your charts anyway.
the only time you will get any price other than bid price is by checking the ask price. so much easier to use the bid prices for analysis as this will match your charts anyway.
yes all MT OHLC are the bid price.
This is right for Forex, but not for Stocks.
Hi Rogerio, can you explain that please ?
Hi, what I mean is that Ask/Bid at OHLC moments depends too much on liquidity at stock markets, so MT OHLC are not always exactly the last Bid price.
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The chart is in bid price
so all the indicators are calculated with bid price correct?
so if I want to code a condition like price over moving average, I need to use bid price for both buy and sell? make sense?