CLOSE price of current candle?

 

Hi, I am little confused with the notion of CLOSE price of current candle.

What is the CLOSE price of current candle? Since the candle is not yet formed, should we call it something else instead of CLOSE price?

 
mittalpa:

Hi, I am little confused with the notion of CLOSE price of current candle.

What is the CLOSE price of current candle? Since the candle is not yet formed, should we call it something else instead of CLOSE price?

CLOSE=CURRENT at the current bar.

CLOSE=CLOSE at previous bars.

 

Close[0]=Bid


If you zoom in on the M1 chart, you can see the "close" marker on the current bar move up and down with each tick

 
FXtrader2008:

Close[0]=Bid


If you zoom in on the M1 chart, you can see the "close" marker on the current bar move up and down with each tick

Makes sense. But I am thinking if it is an ASK chart then statement will become

Close[0]=Ask.


Right?

 
ggekko:

CLOSE=CURRENT at the current bar.


CURRENT ASK or BID?

 
mittalpa:

Makes sense. But I am thinking if it is an ASK chart then statement will become

Close[0]=Ask.


Right?

If you query the terminal using Close[0], and Bid, the two will always equal each other, remembering of course, Close[0] is returning the value of the current candle.

Reason: