I like to look at 130 min charts among others. Each day has
exactly 3 candles roughly corresponding to the open, the "doldrums"
and the close. Gives more info than a daily but easier to get a
chart to cover more total time than a 60min. Here's one for XLF
This has bothered me as well, and he has done a good job of
explaining why. I imagine that the same principle would
apply to using 240-minute charts, but it probably is not as
significant a difference. Maybe the exchange should
change their market hours to an even number of hours.
FYI. Feedback appreciated. http://www.alphatrends.net/2010/02/20/stop-using-60-minute-charts/
Posted by tad51 on 22nd of Feb 2010 at 01:34 pm
FYI. Feedback appreciated.
http://www.alphatrends.net/2010/02/20/stop-using-60-minute-charts/
I like to look at
Posted by bkout3 on 22nd of Feb 2010 at 04:54 pm
I like to look at 130 min charts among others. Each day has exactly 3 candles roughly corresponding to the open, the "doldrums" and the close. Gives more info than a daily but easier to get a chart to cover more total time than a 60min. Here's one for XLF
Stop using 60-minute charts
Posted by twins on 22nd of Feb 2010 at 04:25 pm
This has bothered me as well, and he has done a good job of explaining why. I imagine that the same principle would apply to using 240-minute charts, but it probably is not as significant a difference. Maybe the exchange should change their market hours to an even number of hours.
Good stuff, he's a smart guy.
Posted by foolwise on 22nd of Feb 2010 at 02:13 pm