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gorachand  
#1 Posted : Thursday, November 9, 2023 4:25:26 PM(UTC)
gorachand

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Hello, I trade the Indian Stock Market---National Stock Exchange (NSE).On the occasion of Diwali ---which is an important Indian Festival---NSE carries out a special one hour trading session in the evening 6pm-7pm. This year it will be carried out this Sunday evening. This is a trading session significant for it's ritualitic meaning and is known as "Muharrat" trading. I am neither supporting or condemning this practice.What I am concerned about is that the intraday and eod data vendors have added the extra hour to their data. Obviously the closing price has changed for the individual securities together with the volume and the duration. My question is ---in what way will it affect the technical analysis indicators which use these parameters for their calculation?Will they give a flawed reading?Will the Elliott Waves change? Should I stop trading for four or five days for the data to come back to normal?Or should I carry on regardless? My main worry is on how to count the Elliott waves-- given a sudden addition of one hour to the usual timings.Hence my email to you. Please advise me on what to do. Regards, Dr.Chatterjee

Edited by user Thursday, November 9, 2023 4:36:47 PM(UTC)  | Reason: Not specified
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MS Support  
#2 Posted : Friday, November 10, 2023 5:01:58 PM(UTC)
MS Support

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Originally Posted by: gorachand Go to Quoted Post
Hello, I trade the Indian Stock Market---National Stock Exchange (NSE).On the occasion of Diwali ---which is an important Indian Festival---NSE carries out a special one hour trading session in the evening 6pm-7pm. This year it will be carried out this Sunday evening. This is a trading session significant for it's ritualitic meaning and is known as "Muharrat" trading. I am neither supporting or condemning this practice.What I am concerned about is that the intraday and eod data vendors have added the extra hour to their data. Obviously the closing price has changed for the individual securities together with the volume and the duration. My question is ---in what way will it affect the technical analysis indicators which use these parameters for their calculation?Will they give a flawed reading?Will the Elliott Waves change? Should I stop trading for four or five days for the data to come back to normal?Or should I carry on regardless? My main worry is on how to count the Elliott waves-- given a sudden addition of one hour to the usual timings.Hence my email to you. Please advise me on what to do. Regards, Dr.Chatterjee

Hello,

This session is somewhat unusual in that it can be both an extension of an existing trading day, but it can also fall on a day that is not a normal trading day. Apparently for this year Sunday 11/12 will be a special session and Tuesday 11/14 is the Holiday.

With DataLink End-of-Day data this data should be collected and included in a chart.

For XENITH Intraday data, I believe you would have to enable 24 Hour data in the Chart > Properties > Trading Sessions tab in order to see this data.

Edited by user Monday, November 13, 2023 4:41:50 PM(UTC)  | Reason: Not specified
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