Candle not showing high

[nepenthean]

Trade week: 1/16/17 - 1/20/17

Attached is an image of a weekly chart showing a high of 53.67 and a 1440 min chart with NYMEX ENERGY ETH session template selected showing a high of 54.32.

I have reloaded historical data. Why is the weekly chart not showing the same high as my 1440 min chart.

IQFeed uses the ETH hours as their daily parameters.

[FMtrader]

Trade week: 1/16/17 - 1/20/17

Attached is an image of a weekly chart showing a high of 53.67 and a 1440 min chart with NYMEX ENERGY ETH session template selected showing a high of 54.32.

I have reloaded historical data. Why is the weekly chart not showing the same high as my 1440 min chart.

IQFeed uses the ETH hours as their daily parameters.

Hello nepenthean

I just did some tests with Ninja Continuum data to see if the above could be replicated with a different data service. I have duplicated your chart setups and used the same ETH session template for both charts.

If I go to tools>options>market data> global merge policy and select "Merge non back adjusted" I get the following:

Weekly Chart - high at 54.32
1440 Min Chart - high of 54.32 on the 17th (same as you)

If I go to tools>options>market data> global merge policy and select "Merge back adjusted" I now get the following:

Weekly Chart - high at 53.67 (same as you)
1440 Chart - high of 53.67 on the 20th!!

It would appear that your results are a mix of the two results above. Within each merge setting the weekly & 1440 min highs agree but differ between the two merge settings.

The listed rollover date for the CL 03-17 contract was the 18th January which falls in the middle of the week in question. I assume the back adjustment process has affected the prices of the previous contract and made the high that was on the 17th "disappear".

I suspect that the way your IQFeed is setup to handle merging might have something to do with the results you are getting.

Maybe NinjaTrader might like to comment?

[NinjaTrader_Jason]

Hello nepenthean,

If you create a daily chart instead of a weekly chart, do you not see the High of 54.32 as well? As FMtrader reports, it seems related to the way IQFeed merged data. I suggest to check with IQFeed why daily data does not include the same High as minute data.

[jeffom]

Not trying hijack anything but I'm having similar issues. No matter if I use global settings or back adjusted it changes nothing on my chart. I was told that pro-real time charts are correctly back adjusted if you want to compare, mine certainly don't line up no matter what I do for futures.

[nepenthean]

When I switched data feeds and then returned to the original one, the proper H/L were in place.