Topic: What is this percentage relative to? (Read 171 times)
Yeah I see it. Somehow makes sense now. Thanks Jerome! You've been super helpful. I appreciate it! 🙏
On Trandingview mobile app version it does not change. At least on my end. 
One hour time frame...
Vs one month time frame...
The small difference you see is just the difference between screenshots.
I downloaded the mobile trading view app and noticed it too. Which means it's probably a bug. I suggest you use the web version of the charts if you have a PC. It's what I was basing on to give you the previous responses. Also, if possible, just deal with the direct charts from exchanges. Tradingview has a small margin of error on the percentage change you have been asking about, not sure why.One hour time frame...
Vs one month time frame...
The small difference you see is just the difference between screenshots.
For example, I took this from binance earlier on seconds apart
1D BTC/USDT timeframe - 2.05%
4H BTC/USDT timeframe - 2.81%
Notice the difference?
That's what I thought at first but it turned out to be that it's not. Changing the time frame does not change the percentage.
It does. I would suggest you use data that's directly from an exchange and not tradingview's as there's a small margin of error. I regret using their graph to explain to you.Example
1. 4H BTC/USDT chart on Binance
https://i.imgur.com/lfUaocb.png
Opening price - 40,507.56
Closing price - 41,646.10
Percentage change within one candlestick in that time frame = (Closing price - Opening price) x 100/(Opening price)
(41,646.10 - 40,507.56) x 100/(40,507.56) = 2.810685215% as seen in the picture
If you change the timeframe to 1 hr, the opening and closing prices of the candle stick will also change, consequently affecting the percentage price change in that specific candle.
Change of what? The percentage? If so then what's the difference between this and the above time frame candle change (#1) you mentioned?
Difference
1. Calculations are made from within the closing and opening price of the same candle
2. Calculations are made from the opening price at 00:00 UTC to the whatever time you are currently looking at the chart (according to tradingview's format that's used to calculate price changes of markets that Open and close like Stocks, commodities etc)
On Trandingview mobile app version it does not change. At least on my end.
One hour time frame...
https://i.imgur.com/9mwFaGS.png
Vs one month time frame...
https://i.imgur.com/zykprbs.png
The small difference you see is just the difference between screenshots.
That's what I thought at first but it turned out to be that it's not. Changing the time frame does not change the percentage.
It does. I would suggest you use data that's directly from an exchange and not tradingview's as there's a small margin of error. I regret using their graph to explain to you.Example
1. 4H BTC/USDT chart on Binance
Opening price - 40,507.56
Closing price - 41,646.10
Percentage change within one candlestick in that time frame = (Closing price - Opening price) x 100/(Opening price)
(41,646.10 - 40,507.56) x 100/(40,507.56) = 2.810685215% as seen in the picture
If you change the timeframe to 1 hr, the opening and closing prices of the candle stick will also change, consequently affecting the percentage price change in that specific candle.
Change of what? The percentage? If so then what's the difference between this and the above time frame candle change (#1) you mentioned?
Difference
1. Calculations are made from within the closing and opening price of the same candle
2. Calculations are made from the opening price at 00:00 UTC to the whatever time you are currently looking at the chart (according to tradingview's format that's used to calculate price changes of markets that Open and close like Stocks, commodities etc)
Then it's the percentage price change between the open and close price of a single candle on a given time frame. If it's a 5-minute chart, then that small percentage change represents the price change of Bitcoin in those 5 minutes, represented by one candlestick.
That's what I thought at first but it turned out to be that it's not. Changing the time frame does not change the percentage.
2. I did some small research and apparently trading view shows the 24 hours change
Change of what? The percentage? If so then what's the difference between this and the above time frame candle change (#1) you mentioned?
1. I think I am getting to understand what is confusing you. I didn't critically look at the image in the OP
But if you are looking for the answers to the small value, I marked with a rectangle
Then it's the percentage price change between the open and close price of a single candle on a given time frame. If it's a 5-minute chart, then that small percentage change represents the price change of Bitcoin in those 5 minutes, represented by one candlestick. If you hover your mouse on each candle stick, the value keeps changing.
2. I did some small research and apparently trading view shows the 24 hours change as price from the market close of the previous day (00:00 UTC) even for cryptocurrencies despite crypto markets being open for 24 hours. It's an adjustment many people have tried to ask from tradingview, but It has remained ignored.
However, other tools such as coinmarketcap, coingecko, coinalayze and crypto exchange top gainer and loser rankings base on the 24-hour time interval and not tradingview's format
This graph is for illustration of the 24-hour interval that's always used in crypto markets
But if you are looking for the answers to the small value, I marked with a rectangle
Then it's the percentage price change between the open and close price of a single candle on a given time frame. If it's a 5-minute chart, then that small percentage change represents the price change of Bitcoin in those 5 minutes, represented by one candlestick. If you hover your mouse on each candle stick, the value keeps changing.
2. I did some small research and apparently trading view shows the 24 hours change as price from the market close of the previous day (00:00 UTC) even for cryptocurrencies despite crypto markets being open for 24 hours. It's an adjustment many people have tried to ask from tradingview, but It has remained ignored.
However, other tools such as coinmarketcap, coingecko, coinalayze and crypto exchange top gainer and loser rankings base on the 24-hour time interval and not tradingview's format
This graph is for illustration of the 24-hour interval that's always used in crypto markets
Ahh OK! Is the 23:09:10 to 23:09:09 an example or does it actually open and close at 23:09:10/09?
If yes it actually opens and closes at those times, then how come not 24:00:00? And what timezone?
If no, then what is the actual open and close time and time zone?
It's an example to help you understand. The time interval has to be 24 hours in between, so timezone doesn't matter. What matters is the 24-hour time interval between the close prices over 2 periods. If you still don't understand, I can try to draw some graphs to illustrate how it comes about.If yes it actually opens and closes at those times, then how come not 24:00:00? And what timezone?
If no, then what is the actual open and close time and time zone?
Trying to understand. So how do I know when the next day will start or the previous day ended? Where are the two close periods?
Also, how can I get it to display the percentage from the close of the previous candle? So for example if the time frame is set to 1 hour, and the candle closed at $10 and the next one opened at $10, it would show %0. And then, as it rises and falls, it would show the percentage accordingly. So at 00:58 mins if the rate is $11...it would show %10 ((11−10)1÷10×100=%10). And if it's $9, it would show %-10.
Ahh OK! Is the 23:09:10 to 23:09:09 an example or does it actually open and close at 23:09:10/09?
If yes it actually opens and closes at those times, then how come not 24:00:00? And what timezone?
If no, then what is the actual open and close time and time zone?
It's an example to help you understand. The time interval has to be 24 hours in between, so timezone doesn't matter. What matters is the 24-hour time interval between the close prices over 2 periods. If you still don't understand, I can try to draw some graphs to illustrate how it comes about. If yes it actually opens and closes at those times, then how come not 24:00:00? And what timezone?
If no, then what is the actual open and close time and time zone?
I tried different time frames to see if it's from the last candle close, that's not it. It's not from the highest price in the date rage the chart is displayed either. So what is it?
-snip-
cmiiw
cmiiw
It's the percentage price change in the last 24 hours, so changing time frames of the chart won't affect it. The percentage is dynamic every second or minute that passes by. I hope you get it
So the time frame will be like percentage of price change from closing price on candlestick on Monday 23:09:10 to closing price on candlestick on Tuesday 23:09:09, if one second moves, then it will be percentage price change from closing price on candlestick on Monday 23:09:11 to closing price on candlestick on Tuesday 23:09:10
Unlike stocks and other markets, crypto markets don't close and open at specific periods so the update is continues
Ahh OK! Is the 23:09:10 to 23:09:09 an example or does it actually open and close at 23:09:10/09?
If yes it actually opens and closes at those times, then how come not 24:00:00? And what timezone?
If no, then what is the actual open and close time and time zone?
I tried different time frames to see if it's from the last candle close, that's not it. It's not from the highest price in the date rage the chart is displayed either. So what is it?
-snip-
cmiiw
cmiiw
It's the percentage price change in the last 24 hours, so changing time frames of the chart won't affect it. The percentage is dynamic every second or minute that passes by. I hope you get it
So the time frame will be like percentage of price change from closing price on candlestick on Monday 23:09:10 to closing price on candlestick on Tuesday 23:09:09, if one second moves, then it will be percentage price change from closing price on candlestick on Monday 23:09:11 to closing price on candlestick on Tuesday 23:09:10
Unlike stocks and other markets, crypto markets don't close and open at specific periods so the update is continues
It may be relative when comparing charts between trading platforms (trading activity can affect), but it will not have a significant difference.
The price movement percentage is reset to 0% at the closing price (last close candle) every 24 hours (I don't know the exact time) and it applies globally. In my timezone, the percentage reset happens around 8 a.m.
cmiiw
-snip-
I tried different time frames to see if it's from the last candle close,that's not it.
What you say is rather precise based to the formula.I tried different time frames to see if it's from the last candle close,
The Formula for the Price Rate of Change Indicator Is:
ROC = ((Closing Pricep − Closing Pricep−n) / Closing Pricep−n)×100
where:
Closing Pricep= Closing price of most recent period
Closing Pricep−n= Closing price n periods before most recent period
ROC = ((Closing Pricep − Closing Pricep−n) / Closing Pricep−n)×100
where:
Closing Pricep= Closing price of most recent period
Closing Pricep−n= Closing price n periods before most recent period
The price movement percentage is reset to 0% at the closing price (last close candle) every 24 hours (I don't know the exact time) and it applies globally. In my timezone, the percentage reset happens around 8 a.m.
cmiiw
https://i.imgur.com/LvqXZ33.png
On Trandingview and many other platforms there is a + or - percentage from the current price, but for the life of me i can't figure out from what price the displayed percentage Increase or decrease is. I tried different time frames to see if it's from the last candle close, that's not it. It's not from the highest price in the date rage the chart is displayed either. So what is it?
On Trandingview and many other platforms there is a + or - percentage from the current price, but for the life of me i can't figure out from what price the displayed percentage Increase or decrease is. I tried different time frames to see if it's from the last candle close, that's not it. It's not from the highest price in the date rage the chart is displayed either. So what is it?
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