Bitcoin Forum
May 02, 2024, 10:29:35 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What time of day does a new daily candle form on BTC?  (Read 331 times)
Don911 (OP)
Newbie
*
Offline Offline

Activity: 15
Merit: 8


View Profile
February 03, 2018, 08:01:52 PM
 #1

Since cryptos are trading 24/7, at what time of day does a new daily candle form on Coinbase and other platforms with candlestick charts?
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714688975
Hero Member
*
Offline Offline

Posts: 1714688975

View Profile Personal Message (Offline)

Ignore
1714688975
Reply with quote  #2

1714688975
Report to moderator
1714688975
Hero Member
*
Offline Offline

Posts: 1714688975

View Profile Personal Message (Offline)

Ignore
1714688975
Reply with quote  #2

1714688975
Report to moderator
o_e_l_e_o
In memoriam
Legendary
*
Offline Offline

Activity: 2268
Merit: 18509


View Profile
February 03, 2018, 08:12:09 PM
 #2

The candles can represent different amounts of time depending on what settings you have picked. Commonly available candle sizes are 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 6 hour, 12 hour, 1 day, 3 day, 1 week, 1 month.

Daily candles usually go from midnight to midnight. In most charts, if you hover over a candle, there will be display somewhere on the chart that tells you the timespan of the candle.
Don911 (OP)
Newbie
*
Offline Offline

Activity: 15
Merit: 8


View Profile
February 03, 2018, 11:29:33 PM
Last edit: February 04, 2018, 01:18:19 AM by Don911
 #3

Daily candles usually go from midnight to midnight. In most charts, if you hover over a candle, there will be display somewhere on the chart that tells you the timespan of the candle.

I know that it's midnight to midnight. The question is which time zone different exchanges or data providers use for their charts. TradingView, for example, uses UTC time as their default time zone, so I assume that a new daily candle forms at midnight UTC (London, UK). But could different exchanges perhaps use different time zones for their daily candles, or do they all use UTC? If not, then daily charts would look different on different platforms.

EDIT: I now checked both GDAX and TradingView, and they both produced a new candle at midnight UTC (4 PM PST). So hopefully this means that everyone is doing the same thing. Which, of course, would make sense.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!