When is a candle high not the high, low not the low?
Hello Forum, hope someone might help me clear up a little confusion.
Was trading manually yesterday and noticed that on occasions certain candles appeared to have a different final appearance than I would have expected.
Specifically and I will use the example below, I am not sure how the brokers spread might affect an Expert Advisor.
During candle formation, I noticed that a candle temporarily drawn with a high a point higher than the completed candle.
Assume using round numbers the high of candle A is 100points.
What I am saying is the candle B appeared to reach the same height as candle A allowing for the spread while the candle was open, but was not drawn that way on candle close.
This confused me and made me start questioning when is a high a high and when is a low a low and How do I allow for this when designing an EA.
If I look at my chart and candle C had a high of 96 points and a low of 92 points,
I had always assumed that this meant a high buy price of 96 and a low buy price of 92 points (AM I WRONG WITH THIS TOO?)
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Hello Forum, hope someone might help me clear up a little confusion.
Was trading manually yesterday and noticed that on occasions certain candles appeared to have a different final appearance than I would have expected.
Specifically and I will use the example below, I am not sure how the brokers spread might affect an Expert Advisor.
During candle formation, I noticed that a candle temporarily drawn with a high a point higher than the completed candle.
Assume using round numbers the high of candle A is 100points.
What I am saying is the candle B appeared to reach the same height as candle A allowing for the spread while the candle was open, but was not drawn that way on candle close.
This confused me and made me start questioning when is a high a high and when is a low a low and How do I allow for this when designing an EA.
If I look at my chart and candle C had a high of 96 points and a low of 92 points,
I had always assumed that this meant a high buy price of 96 and a low buy price of 92 points (AM I WRONG WITH THIS TOO?)
Maybe someone can set me straight and I might just be having a bad confused day,
but is it true to say for the purposes of a functioning EA,
that the high of a candle is actually the drawn high plus the spread, and
the low, the low of the candle is the drawn low, minus twice the spread.
thanks in advance.