Aggregation Reset

[Ghost]

Not really a questioen and not sure where to place this thread but this is more of an open discussion and a theory ive devolped and wanted to see others inputs/elaboration. Since the equity futures reset their aggregation at 6pm eastern, shouldnt normal equity stock be aggregated alongside it? When caluclating aggregation such indicators I would assume it should start form 6pm along side futures rather then 4am eastern the day after as is the norm. It would only make sense that when futures reset so should equities. An interesting concept I have been tinkering with and wanted to hear others opinon on the matter.

 

[bigboss]

It's a really frustrating topic @Ghost! Different platforms aggregate data differently - TradingView and ToS use a different breakpoint for their 4 and 2 hour pivots. TradingView uses "settlement" price for futures on the daily aggregation, thinkorswim uses the "last" price. I've concluded it's a mess and it doesn't matter. Everyone trades all levels generated on all aggregations.

 

[Ghost]

It's a really frustrating topic @Ghost! Different platforms aggregate data differently - TradingView and ToS use a different breakpoint for their 4 and 2 hour pivots. TradingView uses "settlement" price for futures on the daily aggregation, thinkorswim uses the "last" price. I've concluded it's a mess and it doesn't matter. Everyone trades all levels generated on all aggregations.

I see your point but I believe it even goes to say that the platforms themselves have no clue how to aggregate price. All aggregation does is carryover resistance and support levels from past price history. Though on the larger time frames daily, weekly, etc this question does not matter, it most certainly does in the inter-day because incorrect start of aggregation would lead to an inccroect carry over of price data in to the following day. Thus, if my theory is true and that equity should indeed aggregate like the futures in thinkorswim (futures reset should imply equities reset), then all inter-day aggregations calculated for equities in thinkorswim is incorrect and should begin alongside equities futures aggregation.