Timeframe/Charting Inconsistency Question

[bsmith]

I'm looking at 1 minute and daily charts, and trying to resolve inconsistency issues.
As a specific example, on 3-14-23, using MES 06-24, CBOE US Index Futures RTH:
The one minute chart opens at 9:30 a.m. (ET) at a price of 4151.50.
The daily chart (same instrument, same trading hours) opens at 4107.25

This is a 44 point difference, when they should be identical.

Given that they are both using CBOE US Index Futures RTH, shouldn't they both open at the same time and therefore the same price? The daily chart seems to be getting its opening price from sometime during the overnight trading, which is outside of the CBOE US Index Futures RTH trading hours.

Is there a way for me to bring the two charts into agreement?

[NinjaTrader_Erick]

Hello bsmith,

Thank you for reaching out.

Please note that the Daily Bars within NinjaTrader are being provided to the NinjaTrader platform from your Market Data Provider as a Daily Bar.

• The Trading Hours templates do not affect a Daily Bar since they come packaged as a Daily Bar
• Most daily bars are adjusted for Settlement, so that would account to the differences you are seeing between daily and intraday close values.
  • You may read a full overview of how charts are built in real-time here in our NinjaTrader 8 Help Guide - Charting > How Bars Are Built

The Trading Hours Templates that are assigned to an instrument are purely suggestions and if you do not like the Template that is being used, you could either select another one that is already created or create your own custom Trading Hours template to include the times you want.

• https://ninjatrader.com/support/help...urs_window.htm

If you want to look at a "Daily" chart that is affected by the Trading Hours template, create a "1440 Minute" Chart

• There are 1440 minutes in a Day
• This will cause the chart to be built from Minute Bars instead of Daily Bars
• Since this is being built from Minute Bars, you can change the Trading Hours Template to affect the resulting chart

Since Daily Bars are adjusted for Settlement and sent to NinjaTrader with those specific values,it is possible for the 1440 Minute to have a different Close than the daily bars because NinjaTrader is looking at the Literal Closing price of the last plotted bar. This is different from the Settlement price that the Exchange comes up with and sends with the Daily Bars.

• You can always verify the settlement price of an instrument by going to the Exchange's website for the instrument and comparing the values.
• Here is a publicly available example of the website you could use to verify the values for the MES 06-24
  • https://www.cmegroup.com/markets/equ...ttlements.html
    • We would expect the Daily Bars to line up with these settlement prices if you are using a broker that adjusts and uses the Settlement Price for the Daily Bars. You can find this information within the last column in the link below:
      • https://ninjatrader.com/support/help...y_provider.htm

Please let us know if we may be of further assistance.

[bsmith]

Thank you for the thorough explanation!