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Having Major Chart Discrepancies In Futures


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Having Major Chart Discrepancies In Futures

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  #1 (permalink)
Burlington, ON Canada
 
 
Posts: 18 since Feb 2021
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Since the rollover I am having significant chart discrepancies. I am attending education seminars and I am finding differences in candles and the structure of the chart.

I thought maybe it would be a discrepancy in continuous vs non continuous but if I add just for the month although I am not sure how I did that I added for example CLJ1 for overcharts for the rollover.

I've seen think or swim which I cannot use in Canada and tradingview which is very limited hence I am not using.

I thought futures was more regulated unlike forex.

I am not sure how to add photos of the charts as I would. I took some snipping tool shots and attached it with a doc.

Anyone have any suggestions?

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  #2 (permalink)
Europe
 
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The lower one seems to be the correct one, because the yesterdays high (CLJ1) was 62.29, which you cannot see on the upper one

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  #3 (permalink)
Burlington, ON Canada
 
 
Posts: 18 since Feb 2021
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I know the upper one is overcharts which is what I am using and what is really concerning me.

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  #4 (permalink)
Burlington, ON Canada
 
 
Posts: 18 since Feb 2021
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Should the description have WTI in it? Maybe that is the issue..

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  #5 (permalink)
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Sarasota FL
 
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Trading in Canada View Post
Since the rollover I am having significant chart discrepancies. I am attending education seminars and I am finding differences in candles and the structure of the chart.

I thought maybe it would be a discrepancy in continuous vs non continuous but if I add just for the month although I am not sure how I did that I added for example CLJ1 for overcharts for the rollover.

I've seen think or swim which I cannot use in Canada and tradingview which is very limited hence I am not using.

I thought futures was more regulated unlike forex.

I am not sure how to add photos of the charts as I would. I took some snipping tool shots and attached it with a doc.

Anyone have any suggestions?

Here's how to attach a picture:

1. Snip something and copy to the clipboard, or to a file if you like.

2. Look over to the left of your editor window, and you will see a big blue thing that says "Drag and Drop Attachments Paste Images." Your edit window looks like this; use the blue icon to the left:



What I did to get this image in was snip it, select copy in the snip tool, click on the blue thing (it then opened a file window, which I closed since I don't want to drag in a file), and then did a Paste ctl+V and it was in. It puts a link in the text wherever you have the cursor, and you can leave it there or move it around. Voila.

Attaching documents and things is not a good idea, because people generally don't want to bother opening them.

Bob.

------------------

PS, I haven't looked into your actual question about prices, but yes, futures prices are the same for the same instrument, because they are from a central exchange. Check things like the contract date and whether you are looking at "continuous" contracts, which are spliced together artificially to paste contracts of different dates together, as if they did were perpetual and did not expire.

Continuous contracts are built based on a "rollover date," which is the date it is assumed traders would move into the next contract; the "official" rollover dates are based on the calendar, but often traders roll over based on which contract has the most volume, which may be (and often is) a day or so later.

If you're looking at continuous contracts, the prices are not going to be the same for a past contract as the contract actually traded for at the time, because of the adjustment made to string the contracts together. Plus, different "continuous" contracts may be different from others because of the different rollover date issue.

Or, supply more info and some images so people can figure out what's going on. There will be an answer.

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  #6 (permalink)
Burlington, ON Canada
 
 
Posts: 18 since Feb 2021
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Thank you ok I will add them.

That blue box isn't not visible when I try to edit. It doesn't give me that option.

Do I need to recreate the post?

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  #7 (permalink)
Burlington, ON Canada
 
 
Posts: 18 since Feb 2021
Thanks: 2 given, 7 received

Ok here are the photos and I just learned what I did wrong. It turns out when I added the instrument on Overcharts it automatically adds it stock trading time.

So when there is a rollover you have to add the new month and then click on the actual chart and adjust the trading hours to 24/7.

so I guess for anyone else who experiences this issue here is the solution.






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  #8 (permalink)
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Thank you ok I will add them.

That blue box isn't not visible when I try to edit. It doesn't give me that option.

Do I need to recreate the post?

The blue box is not given when you edit a post, only when you make a new one. We know this needs to be the same, but it hasn't been fixed yet. If you just open a new post all should be well.

Bob.

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  #9 (permalink)
Europe
 
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Should the description have WTI in it? Maybe that is the issue..

lol, this is not the issue, you are using the correct instrument, for me it looks more as you don't get correct historical data with your Overcharts. Overcharts is a new charting-platform, maybe there are still some issues. This is one of the less platforms I don't know or still have not tried out, so maybe there is a possibility to reload data to get the correct history.

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  #10 (permalink)
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I have an explanation for the gap, which I think you already figured out: the reason for the gap is that you are not displaying the overnight market (also called extended trading hours).
I took a couple of pictures of how I see the same instrument in Sierra: in the first picture I excluded the overnight market and I see exactly the same gap.
In the second picture I include also the overnight market and the gap disappears.

By the way these are my settings:
REGULAR TRADING HOURS (pit session)=8:30 to 15:14:59
EXTENDED TRADING HOURS (overnight session)= 15:15 to 8:29:59




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  #11 (permalink)
Burlington, ON Canada
 
 
Posts: 18 since Feb 2021
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Thank you I did...lol

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Last Updated on February 22, 2021


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