Hi Folks; - The majority of indicators use candle CLOSE prices within their respective formulae; -
but at what point in time is the CLOSE value genuinely valid? -
I do not believe that the price is necessarily "set in stone" immediately the next candle is OPEN.
This being the case; does Order2Go or other API actually flag when the close price is valid? - or at what time after a new candle has opened can one be certain the Close price is confirmed? and is this dependent on the candle time frame?
I would appreciate an assured confirmation of the above questions as robotic trading is 100% reliant on indicator values, I intend to generate my indicator values locally (in house) and I wish to remove or minimize any possible discrepancies.