Odd lots
If we compare the Open, High, Low, Close and Volume values on any intraday resolution for North American stocks on our platform with the ones displayed on the exchange’s website and some other sources, we can notice a discrepancy between prices and, first of all, volume data during the Pre-market and After-Hours, if follow the terminology of the Nasdaq exchange. The discrepancies are due to the fact that our data provider filters the odd lots trades out in the history, and as a result, our intraday charts are built based on the full trades only.
An odd lot is an order size for a security that is less than the normal unit of trade for that particular asset. For stocks, odd lots are most often smaller than the standard 100 units of the asset.
As an example, let’s have a look at the 1-min NASDAQ:AMZN chart at the 09:25 (UTC-4) bar on 03.07.2023 and compare the values to the ones displayed on the exchange’s website:
The Close price on our platform is 130.50, and the volume is equal to 13317 while on the exchange’s website – 130.36 and 15863 respectively. The last trade which was included in the minute bar and formed its Close price was received at 13:25:55 while on the exchange’s website the Close price of this minute bar was formed based on the trade received 3 seconds later, equal to 130.36 and having the volume of 1, which is considered an incomplete lot. This minute there were 156 such odd lots with a total volume of 2546, which is the difference between what is displayed on our platform and on the exchange’s website.
Late prints
The second noticeable discrepancy in the intraday values is due to the fact that there is a large volume displayed on some US stock charts on a 1-min resolution at 08:00 (UTC-4) in the Pre-market session. For example:
This is due to the fact that at this particular minute our data provider includes late prints which are often filtered out on other platforms. These are OTC trades that can be executed at different times, however, their total volume is included in the 08:00 (UTC-4) minute bar.
The Close price on our platform is 130.50, and the volume is equal to 13317 while on the exchange’s website – 130.36 and 15863 respectively. The last trade which was included in the minute bar and formed its Close price was received at 13:25:55 while on the exchange’s website the Close price of this minute bar was formed based on the trade received 3 seconds later, equal to 130.36 and having the volume of 1, which is considered an incomplete lot. This minute there were 156 such odd lots with a total volume of 2546, which is the difference between what is displayed on our platform and on the exchange’s website.
Late prints
The second noticeable discrepancy in the intraday values is due to the fact that there is a large volume displayed on some US stock charts on a 1-min resolution at 08:00 (UTC-4) in the Pre-market session. For example:
This is due to the fact that at this particular minute our data provider includes late prints which are often filtered out on other platforms. These are OTC trades that can be executed at different times, however, their total volume is included in the 08:00 (UTC-4) minute bar.
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FAQs
The discrepancies are due to the fact that our data provider filters the odd lots trades out in the history, and as a result, our intraday charts are built based on the full trades only. An odd lot is an order size for a security that is less than the normal unit of trade for that particular asset.
Which is the best indicator for intraday trading in TradingView? ›
RSI or Relative Strength Index is one of the best and widely used technical indicators in the TradingView that you can use for intraday trading or any other time frame. RSI can show you the current strength or magnitude of recent changes in the prices of the stock.
What is the best graph for intraday trading? ›
The best chart pattern for intraday trading relies on the trader's objective, risk appetite, and market conditions. However, some of the most common and reliable chart patterns for intraday are head and shoulder, cup and handle, wedge, flag, double top, double bottom, and triangle.
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Which indicator is most accurate for intraday? ›
1. What are the best indicators for intraday trading? The best indicators for intraday trading include Bollinger Bands, Relative Strength Index (RSI), Exponential Moving Average (EMA), Moving Average Convergence Divergence (MACD), and Volume.
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Below, we will explore the top 10 best Indicators used among traders.
- 1 - Moving Average (MA) ...
- 2 - Relative Strength Index (RSI) ...
- 3 - Moving Average Convergence Divergence (MACD) ...
- 4 - Bollinger Bands. ...
- 5 - Volume. ...
- 6 - Stochastic Oscillator. ...
- 7 - Fibonacci Retracement. ...
- 8 - Average True Range (ATR)
Candle charts
The Presentation as "candles" is the most common form for day trading charts and the default setting in many trading programs. Each of these candles represents a period of time which - depending on the strategy and preference of the trade - can range from 5 minutes to several days.
What is the best chart timing for intraday trading? ›
The Best Time Frame for Intraday Traders
The ideal time for intraday trading, according to stock market analysts, is between 10.15 a.m. and 2.30 p.m. This is because by 10.00 a.m. to 10.15 a.m., morning stock volatility has subsided. As a result, it is the ideal opportunity to place an intraday transaction.
Is there any leading indicator for intraday trading? ›
Commonly used indicators for intraday trading are the Relative Strength Index (RSI), Moving Averages, Stochastic Oscillator, Bollinger Bands, and volume. The stock market is quite volatile, and thus, traders must consider essential trading signals to identify supply, demand, and market trends.
The discrepancies are due to the fact that our data provider filters the odd lots trades out in the history, and as a result, our intraday charts are built based on the full trades only. An odd lot is an order size for a security that is less than the normal unit of trade for that particular asset.
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Explore other competing options and alternatives. Other important factors to consider when researching alternatives to TradingView include price and features. The best overall TradingView alternative is eToro. Other similar apps like TradingView are MetaTrader 5, Binance Broker, E*Trade Web Platform, and Kite.
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Turning off the use of real-time BIST_MIXED data will cause you to receive BIST data with a 15 minute delay, which includes volume. Please note, you will not be affected in any way if you already have a purchased subscription to the paid BIST data.
What is the most effective indicator for day trading? ›
Seven of the best indicators for day trading are:
- On-balance volume (OBV)
- Accumulation/distribution (A/D) line.
- Average directional index.
- Aroon oscillator.
- Moving average convergence divergence (MACD)
- Relative strength index (RSI)
- Stochastic oscillator.
To go to a specific date and time on TradingView charts, click on the calendar section as displayed below or press Alt + G and select the date and timestamp. Selecting a specific time is only available for intraday timeframes, from 1-minute to 3-hour candles.
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Only candlestick or bar charts are actually suitable as day trading charts. 5 and 15 minutes are the most popular time frames. Longer or shorter time frames can also be used for scalping or swing trading than for day trading charts.
Which is the best indicator for intraday trading in TradingView Quora? ›
Technical Indicators:
- Simple Moving Averages (50, 100, 200)
- GMMA (Guppy Multiple Moving Average)
- Pivot Timeline Zones.
- MACD.
- Ichimoku Kinko Hyo.
- RSI.
- Bollinger Bands.
- CCI.
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