iCharts Discussions

maha · White Belt Joined: 05 Oct 2008 Posts: 24

On Friday 7/2/14, when observing hourly charts i noted that at 3pm hourly candles closed at following prices NIFTY SPOT- 6046.6, NIFTY 1M - 6053.95 AND NIFTY 2M - 6089.9. But when i am studying charts later on found that closing prices at 3 pm are nifty spot- 6062.95, nifty 1m- 6072, nifty 2m- 6107.75.
Even right now when i checked 1minute chart the 14:59:59 candles showing closing prices as NIFTY SPOT- 6046.6, NIFTY 1M - 6053.95 AND NIFTY 2M - 6089.9
Why there is discrepancy in prices on two time frames ?
Right now if we check hourly chart, we will see that 3:30pm candles are showing 15-17 points gap down than 3pm closing price.
So which price is correct?

Even when i checked on nse site ( 1 min chart) at 3pm nifty spot is at 6047.9

Requesting ICHARTS TEAM MEMBERS to correct, if there is error in hourly charts or other time frame.

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

Maha: My immediate reaction: what can ICharts admin do? They are getting data feed from NSE directly or indirectly from some entity getting the feed from NSE. And what they provide us is dependent on THAT feed.
(An example of controversy: you must be aware that NF close value @ 1530 is not the last word. later there is settlement between bidders & offerers for around 10-15 min and share exchange officially closes around 1600. Hence NF close value at 1600 may differ from close value at 1530. So what is the close value for the day?)
Is it so important for your trading that NF should be,eg, 6312.55 rather than 6311.75 at some point in the day? Will it turn your profitable position into loss position? Or vice versa?
The great American engineering guru Deming taught FUZZY logic (which was later taken to great heights by the Japanese). You should incorporate fuzzy logic into your trading and maximize your profits in spite of 'FUZZINESS' in scrip values!
Jai Hind, Prakash Holla

maha · White Belt Joined: 05 Oct 2008 Posts: 24

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

I thought it was Zadeh who invented fuzzy logic. Deming taught management and statistical principles

maha · White Belt Joined: 05 Oct 2008 Posts: 24

i am still in learning phase, but what i think is if someone is trading according to hourly chart for swing/positional trades then if real time data is different from which we are seeing after market hours may make difference.

one more point EOD adjusted price will not make any difference on hourly or lesser time frame charts. I am not talking about 3:30 pm candle, i am talking about 3 pm candle.

I am not blaming ICHARTS, just wanted to know are such type of errors can happen ( may b at source of data feed ) and is it possible to correct this error on hourly or lesser time frame charts.

ProTrader · Site Admin Joined: 06 Jul 2008 Posts: 433

Hi Maha:

First apologies for the issue. On friday due to network there was an issue for 4 minutes. We have found that when the ticks were restored for those 4 minutes, it created issues. This does not happen in general. We are working on it to restore the correct values for the specific timeframes.

Also, intraday data in the market and after the market will always be the same.

Thanks for your patience and understanding.

Regards...PT

Ps: We are autorized data vendors for NSE cash & FNO.

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

maha · White Belt Joined: 05 Oct 2008 Posts: 24

PT sir thank u

Waiting for restoration of the correct values for the specific timeframes.

maha · White Belt Joined: 05 Oct 2008 Posts: 24

PT sir is it not possible to restore ?

kamal.icharts · Site Admin Joined: 10 Apr 2013 Posts: 576

Dear Member,

We will do the needful today as druing market open it is bit complicated to do so.

We will update you once it is done today

Regards

Kamal

channasri · Green Belt Joined: 01 Aug 2012 Posts: 1029

Kind attn.: Technical team of icharts

I have observed a discrepancy in icharts live basic charts today. I got the 20 days charts ending with 7th Feb 2014 in place of 20 days charts ending with 15th Feb 2014 (I understand that the actual data ends with 14th Feb 2014 as today is holiday). I changed T/Fs and refreshed but no hopes. Same problem happened when I logged out and then re-entered. I request you to rectify this.

Best regards,
channasri

kamal.icharts · Site Admin Joined: 10 Apr 2013 Posts: 576

Dear Member,

Please check now. It was due to server maintenance work that was being carried out.

Maha - You can please check now. The needful has been done

Regards

Kamal

maha · White Belt Joined: 05 Oct 2008 Posts: 24

thanks a lot