Title: Why Yahoo finance is showing opening and closing price ? Post by: BitCoinDream on June 18, 2014, 08:37:31 PM This is not a share market. Exchanges are open 24*7. So what does it mean by showing daily opening & closing price ?
http://finance.yahoo.com/q?s=BTCUSD=X Title: Re: Why Yahoo finance is showing opening and closing price ? Post by: JohnFromWIT on June 18, 2014, 08:41:36 PM Open of the period to close of the period.
All trades in this period are toted up. As soon as one period closes the next opens. Sorry, I don't know the lengths of these periods. Title: Re: Why Yahoo finance is showing opening and closing price ? Post by: SgtSpike on June 18, 2014, 08:46:14 PM This is not a share market. Exchanges are open 24*7. So what does it mean by showing daily opening & closing price ? It can be a useful metric for some cases. It's very likely the price at midnight of some major timezone (PST, EST, GMT), but someone should try to confirm when it changes.http://finance.yahoo.com/q?s=BTCUSD=X EDIT: It's GMT. The interactive chart shows 12:00 AM GMT as time of opening. Title: Re: Why Yahoo finance is showing opening and closing price ? Post by: BitCoinDream on June 18, 2014, 08:55:59 PM This is not a share market. Exchanges are open 24*7. So what does it mean by showing daily opening & closing price ? It can be a useful metric for some cases. It's very likely the price at midnight of some major timezone (PST, EST, GMT), but someone should try to confirm when it changes.http://finance.yahoo.com/q?s=BTCUSD=X EDIT: It's GMT. The interactive chart shows 12:00 AM GMT as time of opening. But this is actually aggregation not reality. If u look at BTC-E, BitStamp or LocalBitcoin, trading takes place round the clock. There is a big chance that non-bitcoiner financial people may follow Yahoo chart and that would result in wrong calculation. Opening & Closing does not apply to crypto trading !!! Title: Re: Why Yahoo finance is showing opening and closing price ? Post by: Lauda on June 18, 2014, 08:58:09 PM You should have used Google. Yahoo is displaying this correctly hopefully.
Title: Re: Why Yahoo finance is showing opening and closing price ? Post by: BitCoinDream on June 18, 2014, 09:01:35 PM You should have used Google. Yahoo is displaying this correctly hopefully. As a bitcoiner, I dont rely on Yahoo or Google, because I can read http://bitcoincharts.com/charts/ ...but a non-bitcoiner trader may follow that and may encounter loss. Its good if all of us report here... https://yahoo.uservoice.com/forums/207809-finance-gs/category/68435-data-accuracy Title: Re: Why Yahoo finance is showing opening and closing price ? Post by: SgtSpike on June 18, 2014, 09:30:07 PM This is not a share market. Exchanges are open 24*7. So what does it mean by showing daily opening & closing price ? It can be a useful metric for some cases. It's very likely the price at midnight of some major timezone (PST, EST, GMT), but someone should try to confirm when it changes.http://finance.yahoo.com/q?s=BTCUSD=X EDIT: It's GMT. The interactive chart shows 12:00 AM GMT as time of opening. But this is actually aggregation not reality. If u look at BTC-E, BitStamp or LocalBitcoin, trading takes place round the clock. There is a big chance that non-bitcoiner financial people may follow Yahoo chart and that would result in wrong calculation. Opening & Closing does not apply to crypto trading !!! If you're really concerned about it, contact Yahoo and see what they say about changing it. I think that more information is a good thing, not a bad thing. |