i've noticed that mt4 chart doesn't count "saturday & sunday" unlike the big players/other platforms...
Following is a chart from "UBS BANK" analysis:
as a result,,there are considerable differences at chart readings,,,like:
UBS bank: 200SMA is at 1.2953(support 1)
While my GMT+1 Broker's mt4 shows 200SMA is at around 1.28890....
Daily charts (and H4) are inconsistent as the difference n TimeZone means that the hours contained within a day will differ from TimeZone to TimeZone. Which TimeZone has the correct definitive day ? why should one TimeZone's day be more or less valid than another TimeZone's day ?
i thought this dissimilarity is due to "not counting the weekend days" rather than "time zone difference"
Thanks for replying,,,,,sir...
i thought this dissimilarity is due to "not counting the weekend days" rather than "time zone difference"
Thanks for replying,,,,,sir...
If at this moment Timezone broker equal to GMT +2 then it has no weekend day with data
i thought this dissimilarity is due to "not counting the weekend days" rather than "time zone difference"
Thanks for replying,,,,,sir...
It's very rare a broker is open on week-end. Anyway this is not the problem. As other here say you, chart is depending of TimeZone used on your broker's server. Not your timezone.
If you have a borker with TimeZone +6 for example you would have a candel for saterday. If you have -6 you would have a candle for sunday. Every shift in timezone change your chart.
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Following is a chart from "UBS BANK" analysis:
as a result,,there are considerable differences at chart readings,,,like:
UBS bank: 200SMA is at 1.2953(support 1)
While my GMT+1 Broker's mt4 shows 200SMA is at around 1.28890....