Hello,
I apologize for asking this kind of question, but I had to be absolutely sure. (I guess this question is not limited to a bar only at the beginning of the hour).
When I open a chart, the “Price based on” value under “[-]Period” is set to “Last”
I am using 5 min candle stick bars, and when back testing the Spike Striker system (mainly currencies), suddenly started to wonder what the open and close prices were at x:00?
I always took it for granted that the close price is equal to the open price of the succeeding bar, but I wanted to make sure that when I middle click on a bar at say 12:00, the info that gets displayed (Date / Time /Open / Close / High / Low…etc) are the values for 11:55 - 12:00. Likewise, if I click on a bar at 12:05 the values are for 12:00 - 12:05. I know it’s common sense (and more obvious when using OHLC bars), but it’s one of those things that the more you think about, the more you get confused, since there are exceptions on other instruments which have gaps at the opening hour of the market.
Thank you!
Morister