Kumo Trader Ichimoku Forum
Ichimoku Kinko Hyo
»
Ichimoku Book Q&A
»
Chart in book different from my MT4 chart for same time frame and currency.
Username:
1 Hour
1 Day
1 Week
1 Month
Forever
Password:
Home
Help
Advanced Search
[Close]
Login
Register
Pages: [
1
]
Go Down
« previous
next »
Print
Author
Topic: Chart in book different from my MT4 chart for same time frame and currency. (Read 460 times)
0 Members and 1 Guest are viewing this topic.
swadelm
Newbie
Offline
Posts: 2
Chart in book different from my MT4 chart for same time frame and currency.
«
on:
December 13, 2011, 01:27:56 AM »
Manesh,
My chart on mt4 differs from chart 3.21 in book. I have included a picture. As you can see onmy chart the price drops below kumo and yours it stays in it. My settings are correct.
Logged
gerald20000
Jr. Member
Offline
Posts: 25
Re: Chart in book different from my MT4 chart for same time frame and currency.
«
Reply #1 on:
December 26, 2011, 12:36:34 AM »
Different broker has different data prices. Therefore, it may give you different Ichimoku chart.
Logged
sunman4008
Ichimoku Analyst
Administrator
Hero Member
Offline
Posts: 571
Re: Chart in book different from my MT4 chart for same time frame and currency.
«
Reply #2 on:
January 14, 2012, 05:58:28 AM »
Hello,
That is correct. The currency market is NOT a centralized market. Therefore, the quotes from various charting/brokerage firms will be different. The more bank lines the broker supports, the better the prices will be.
Also, MT4 shows 6 trading bars per week compared to other brokers. They end their day at midnight. Whereas other brokers, go from Sunday when the markets open to Monday when the market closes (4:15pm EST). That is the first day. They do this until Friday currency close so they have 5 trading days in the work week.
-Manesh
Logged
Pages: [
1
]
Go Up
Print
« previous
next »
Jump to:
Please select a destination:
-----------------------------
Ichimoku Kinko Hyo
-----------------------------
=> Ichimoku Book Q&A
===> The Kumo
=====> Kumo Shadows
===> Tenkan Sen
===> Kijun Sen
===> Senkou Span A
===> Senkou Span B
=> Ichimoku Trading Strategies
===> Tenkan Sen/Kijun Sen Cross
===> Kijun Sen Cross
===> Kumo Breakout
===> Senkou Span Cross
===> Chikou Span Cross
-----------------------------
Analysis
-----------------------------
=> Forex
===> The Forex Market - Non Ichimoku
=> Stocks
=> Futures
-----------------------------
Education/Training
-----------------------------
=> Video
=> General
Loading...