Tradingview’s Official charts have become the benchmark in the industry, serving as the reference point for comparisons, regardless of whether they are truly accurate.
Many brokers do their best to align their most popular indicators with the settings found on Tradingview’s daily charts.
However, problems arise on the intraday timeframes, where each broker fills in the candle values separately.
Thanks @Brishide I read through the entire explanation.
It explains clearly why the charts might be different when data is freshly coming in (due to missing real time data in a live session received on device).
However, that cannot cause a difference in charts when I am pulling historical data from days ago, in this scenario all the data would have already arrived at the servers and I would be pulling from there. Something else seems to be the case here…
Brokers have a way to ensure that the daily candle’s OHLCV values of their historical databank match the values in the bhavcopy files given by the exchange.
However, the values for intraday candles are generated separately by each broker’s server, based on what they receive from the live exchange broadcast.
Just as client devices miss some real-time ticks from the brokers broadcasting servers, broker servers also face the same issue when it comes to how they create historical intraday candle values from those ticks received from the exchange broadcast servers.
Brokers can’t really compare the tick data they’ve gathered to any standard because it’s all about how well they can organize it with what their setup allows. The shorter the intraday time frame, the more likely there are to be differences in the indicator outputs based on that data.
@t7support , is my understanding correct on this?