SETUP:  Setting Up An Extended Hours (Overnight) Chart

It's important, with this software, that you separate the regular trading hours from the extended trading hours.  In other words, you can still monitor the entire 24 hours, but for best results, just make sure you're splitting it into two charts.  

This process can be a little bit complicated.  If you follow the steps, you should be able to do it.  However, if you have trouble, please let us know and we can help.

Here are the steps:

1) Understanding why it's important to split up the regular trading hours (RTH) from the extended trading hours (ETH).

2) Setting up custom extended hours sessions.

3) Setting up and saving an extended hours chart template. 

1) Why create an extended hours chart instead of just using a full 24 hour chart?
Think of the old saying "it's like comparing apples and oranges".  That's the concept behind splitting up the regular trading hours (apples) and the extended trading hours (oranges).

The software does a lot of comparison of past order flow, volume, range, velocity, etc.  And, because there is such a difference in the type of trade that occurs during the RTH compared to the ETH, it's important to keep them separated.  In other words, you want the software to compare RTH vs. other RTH data and ETH vs. other ETH data.

Bottom line:  if you use the full 24 hour session, the data won't be as good.  So, please split the overnight from the regular trading hours.  

2) Setting Up Custom Session Times
This is best explained via video.  Let us know if you have any questions.

3) Setting Up and Saving an Extended Hours Chart Template
This is a relatively-complicated and several-step process.  It's best explained via video.  You may want to pause it as you go and complete each step along the way.  Let us know if you have any questions.

Questions?  Email info@daytradethemarkets.com and we will get back to you as soon as possible.