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Christmas Day - can this be removed from the charts?

Guest Caspa

Asked by Guest Caspa,

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Guest Caspa

Guest Caspa

Posted
Posted

My charts are showing Christmas Day which has no data and is making charting useless as the data is shifted by one day and trendlines won't make sense. Is there a way of removing Christmas Day from the charts (4hr and lower timeframes)? Or does IG have to do this for all charts? Surprised this was not taken care of...

Christmas non-data.PNG

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Guest PandaFace

Guest PandaFace

Posted
Posted

Tough one - gotta **** out those days when markets were closed and therefore change the X axis.

they do at weekends tho so I assume it is actually possible! 

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Guest Caspa

Guest Caspa

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Posted

Thanks James. But that means that charting and even technical indicators are useless with IG charts when there is a day when the markets are closed. Everyone else excludes such time periods when there is no data. Why include them? Doesn't make sense at all. 

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trade247 Valued Contributor

trade247

Posted
Posted
4 minutes ago, Caspa said:

Thanks James. But that means that charting and even technical indicators are useless with IG charts when there is a day when the markets are closed. Everyone else excludes such time periods when there is no data. Why include them? Doesn't make sense at all. 

just turned on the EMA to a chart and the lines flat lined between the close and open. Doesn't this mean that it had no effect? If the closed period was effecting indicators then it wouldn't be perfectly horizontal.

Am I right in my thinking?

 

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Guest Caspa

Guest Caspa

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Posted

For intraday charts eg 4hr, if you draw trendlines you'll see that it doesn't work. Yesterday's data for example lies outside the down trendline when it shouldn't. Leads to wrong conclusions.

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