For a weekly or daily period, when are the Open and Close prices fixed?

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For example, assume a chart for EURUSD with PERIOD_W1:

double currOpen = iOpen("EURUSD", PERIOD_W1, 0); //The open price for this week
double currClose = iClose("EURUSD", PERIOD_W1, 0); //The close price for this week (but -- depending on the time -- not quite final)

QUESTION: For a weekly period, when (day, hour, place?) are the open and close prices fixed?

QUESTION: For a daily period, when (day, hour, place?) are the Open and close prices fixed?

QUESTION: Is it true that, while any period "is in progress", the close price is changing with each tick?

 

C

> For a weekly period, when (day, hour, place?) are the open and close prices fixed?

Week close is when you broker closes for the week on Friday

Week open is first price when broker opens on Sunday

..

> For a daily period, when (day, hour, place?) are the Open and close prices fixed?

Daily close is 00:00 hours on timezone of your brokers server.

Daily open is first price after 00:00 hours

..

> Is it true that, while any period "is in progress", the close price is changing with each tick?

Yes

-BB-

 
BarrowBoy wrote >>

C

> For a weekly period, when (day, hour, place?) are the open and close prices fixed?

Week close is when you broker closes for the week on Friday

Week open is first price when broker opens on Sunday

..

> For a daily period, when (day, hour, place?) are the Open and close prices fixed?

Daily close is 00:00 hours on timezone of your brokers server.

Daily open is first price after 00:00 hours

..

> Is it true that, while any period "is in progress", the close price is changing with each tick?

Yes

-BB-

Let me try the question a different way. While the general observation is "The FOREX market is open 24/7", other comments talk about "The market closes on Friday and reopens on Sunday".

What I get from this is that the market apparently "slows down" over the weekend (maybe some exchanges really are closed) and then, suddenly at some time -- maybe its Monday 5:am in Sydney -- the market is going again.

COULD YOU PLEASE COMMENT ON THIS, WITH AN INTEREST IN DEFINING WHEN, IF AT ALL, THE MARKET "STARTS" AFTER THE "WEEKEND"?

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