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Open Feature request MC-79

Generating daily bars based on the session times

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Description

Hi,
Can you please build daily bars based on the session times applied to the chart not the 24hr daily bar from the data vendor.
Here in Australia 99.9% of trading on the SPI futures market is done in the day session 9:50AM..4:30PM. Not the night version when the US is open. So having bars that represent our market is required.
You have the infra structure of "Sessions" already built in, how about not being lazy and build the Daily bars from the session data not the 24hr bar from the data vendor.
Or perhaps like in Amibroker, have three buttons that toggles between Daily, Nightly and 24Hr.
NW27.

Steps to reproduce this issue

Apply a session time to a Daily chart.

Comments (7)
#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Dec 28, 2010 - 23:44

If the data feed provides daily bars, then MultiCharts builds what the data provider has returned.
If the data feed doesn't provide daily bars, then they are built from minutes and in this case it is possible to regulate by templates, which minutes do you want to include in daily.
Who is your data feed?

#0
user-offline.png  Guest (Guest)
Jan 12, 2011 - 00:47

In the case of ES, most vendors' daily bars are for the 24hr electronic session (4:30p-4:15p Est).  Many traders prefer to see the Pit session (930a-415p) OHLC instead.  It would be nice if a daily bar based on minutes and session template existed.

#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Mar 10, 2012 - 06:03

Daily bar is 4 prices in fact that is received from a data source.
Try 24 hours bars to get bar plotted out of minute data with your custom sessions.

#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Jul 02, 2013 - 19:03

Duplicated feature request is here.

#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Jul 02, 2013 - 19:11

That would be possible only by building such custom daily bars out of minute data. It means the quantity of such daily bars would be significantly smaller than the quantity of server-side daily bars. If a date vendor doesn't support minute data, there is no solution in this case. The open questions:
1. Should the custom daily bars be saved to database?
2. Should it be a global setting for all data providers or for specific ones?

#0
user-offline.png  Guest (Guest)
Jul 03, 2013 - 00:09
#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Oct 02, 2013 - 23:55

http://www.multicharts.com/trading-software/index.php/Chart_Resolution#Setting_Resolution_of_Time-Based_Charts - please read how it is now possible to build daily and higher resolutions out of minute data.

History
Issue basics
  • Type of issue
    Feature request
  • Category
    Usability
  • Targeted for
    MultiCharts 8.8 (RELEASED)
  • Status
    Released
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  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (3)
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  • Posted by
    user-offline.png  NW27 (NW27)
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  • Severity
    Normal
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