January 2020 - TrueData

Another year is on the bay! Like previous years, NSE and MCX have announced their list of Trading holidays for the year 2020.

Usually, Markets remain open on weekdays (Monday to Friday) and remain closed on weekends (Saturday and Sunday). Besides these days, the markets also open during some special sessions as listed below.

TrueData does provide support on NSE Holidays when MCX market is open in the evening sessions.

Therefore, The support timings in such cases would be from 3:00 pm to 6:00 pm IST.

NSE Trading Holidays 2020

SR NO.	DATE	DAYS	DESCRIPTION
1	21 February 2020	Friday	Mahashivratri
2	10 March 2020	Tuesday	Holi
3	02 April 2020	Thursday	Ram Navami
4	06 April 2020	Monday	Mahavir Jayanti
5	10 April 2020	Friday	Good Friday
6	14 April 2020	Tuesday	Dr.Baba Saheb Ambedkar Jayanti
7	01 May 2020	Friday	Maharashtra Day
8	25 May 2020	Monday	Id-Ul-Fitr (Ramzan ID)
9	02 October 2020	Friday	Mahatma Gandhi Jayanti
10	16 November 2020	Monday	Diwali-Balipratipada
11	30 November 2020	Friday	Gurunanak Jayanti
12	25 December 2020	Wednesday	Christmas

Trading holidays falling on Saturday or Sunday are as follows:

SR NO.	DATE	DAYS	DESCRIPTION
1	26 January 2020	Sunday	Republic Day
2	01 August 2020	Saturday	Bakri Id
3	15 August 2020	Saturday	Independence Day
4	22 August 2020	Saturday	Ganesh Chaturthi
5	30 August 2020	Sunday	Moharram
6	25 October 2020	Sunday	Dasera
7	14 November 2020	Saturday	Diwali-Laxmi Pujan*

*Muhurat Trading will be conducted on Saturday, November 14, 2020. Timings of Muhurat Trading shall be notified subsequently.

NSE Market Timings (Equities)

Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance).

The market timings of the equities segment are:

A) Pre-open session
Order entry & modification Open : 09:00 hrs
Order entry & modification Close : 09:08 hrs*
*with random closure in last one minute. Pre-open order matching starts immediately after the close of pre-open order entry.

B) Regular trading session
Normal / Limited Physical Market Open: 09:15 hrs
Normal / Limited Physical Market Close: 15:30 hrs

Block Deal Session Timings:

Morning Block Deal Window: This window shall operate between 08:45 AM to 09:00 AM.

Afternoon Block Deal Window: This window shall operate between 02:05 PM to 2:20 PM.

C) The Closing Session is held between 15.40 hrs and 16.00 hrs

Note: The Exchange may, however, close the market on days other than the above schedule holidays or may open the market on days originally declared as holidays. The Exchange may also extend, advance or reduce trading hours when its deems fit and necessary.

NSE Market Timings (Derivatives)

Trading on the derivatives segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance).

The market timings of the derivatives segment are:

Normal market / Exercise market open time: 09:15 hrs

Normal market close time: 15:30 hrs

Setup cutoff time for Position limit/Collateral value : 16:15 hrs

Trade modification / Exercise market end time : 16:15 hrs

MCX Trading Holidays 2020

Please find below the Trade Timings for MCX Sessions:

Morning session – 09:00 AM to 5:00 PM

Evening session – 5:00 PM to 11:30/11:55 PM and 5:00 PM to 9:00 PM for Internationally linked agricultural commodities.

SR NO.	DATE	DAYS	DESCRIPTION	MORNING SESSION	EVENING SESSION
1	01 January 2020	Wednesday	New Year Day	Open	Closed
2	21 February 2020	Friday	Mahashivratri	Closed	Open
3	10 March 2020	Tuesday	Holi (2nd day)	Closed	Open
4	02 April 2020	Thursday	Ram Navmi	Closed	Open
5	06 April 2020	Monday	Mahavir Jayanti	Closed	Open
6	10 April 2020	Friday	Good Friday	Closed	Closed
7	14 April 2020	Tuesday	Ambedkar Jayanti	Closed	Open
8	01 May 2020	Friday	Maharashtra Day	Closed	Open
9	25 May 2020	Monday	Ramzan ID (Id-UIFitr)	Closed	Open
10	02 October 2020	Friday	Gandhi Jayanti	Closed	Closed
11	16 November 2020	Monday	Diwali - Balipratipada	Closed	Open
12	30 November 2020	Monday	Guru Nanak Jayanti	Closed	Open
13	25 December 2020	Friday	Christmas	Closed	Closed

Trading holidays falling on Saturday or Sunday are as follows:

SR NO.	DATE	DAYS	DESCRIPTION
1	26 January 2020	Sunday	Republic Day
2	01 August 2020	Saturday	Bakri Id
3	15 August 2020	Saturday	Independence Day
4	22 August 2020	Saturday	Ganesh Chaturthi
5	30 August 2020	Sunday	Moharram
6	25 October 2020	Sunday	Dasera
7	14 November 2020	Saturday	Diwali-Laxmi Pujan*

Above all, Wishing everyone a Happy and Profitable Year 2020!

Introduction

Lately, a number of traders have started using Range Bars for their trading systems rather than the standard candlestick charts. By migrating their trading systems from the standard time based (1min, 5 min etc..) candlestick charts to Range Bars, traders are looking to overcome the losses they encounter during sideways markets.

The best part is that it is easily possible to Display and Work with these Range Bars in Amibroker.

But ..What are Range Bars?

· Range Bars are price-driven bars, with each bar having a required minimum high-low range. The data is consolidated into one bar until the range requirement is reached, after which a new bar is started.

· These Charts consider only the range of price movement. They totally ignore the time at which the quote came into the charts. So the time on the chart need not be evenly spaced & depends upon whether a trend is in place or not.

· The next candle will just not be formed unless the price moves outside the range specified. When the next candle does show up, it shows a possible trend in the direction of the new candle, for that range.

· When the markets are not trending, you will see a lesser number of bars. Whereas, when the markets are volatile or start trending, the number of bars, will increase, for the same time period.

· To a certain extent, this eradicates the problem of trading whipsaws and losing money in sideward markets.

Range Bar Rules

Each range bar must:

· have a high/low range that equals the specified range

· open outside the high/low range of the previous bar

· must close at either its high or its low

How do we see these Range Bars in Amibroker?

Amibroker fully supports Range Bar charting and the bar size is based on the Tick Size of a given symbol. This allows defining symbol-specific tick sizes individually. You can then display a chart which, for example, shows 10R or 40R bars. 10R / 40R meaning bars using a range of 10-ticks / 40 ticks for each symbol respectively.

To display range charts, you will need to follow the following steps:-

· Ensure that you are set up for a Base Time Interval of Tick in your database setting.

· Specify the Tick Size in the Symbol–>Information. For NSE symbols, it is 0.05, as shown here.

Specify the Tick Size

· Once Tick Size has been defined, the custom range intervals need to be defined, to display chosen range chart.

· Go to Tools–>Preferences, Intraday tab. Here you can set different range values as desired by you, say, 10, 40, 50, 200, 1500 etc…

· Once done, you will need to then select the pre-defined interval from View->Intraday menu. Another easy way is to use the Interval box in the toolbar and just type in the desired bar size. For example, to select the range bar of 10-ticks, one can type-in 10R in the toolbar.

Range Bar Chart in Amibroker

Finally, it is worthnoting ….

… that for best results, your database should use Tick as Base Time Interval. This will make sure, then each trade is represented by an individual record in the database and can be consistently compressed to range bars. Using higher-interval data (such as 1-minute) may produce bars that are not perfect. This is especially so if for a 1-minute bar, the high-low difference is comparable with the selected range.

NSE and MCX Trading Holidays 2020

How to Display Range Bars in Amibroker?

Introduction

But ..What are Range Bars?

Range Bar Rules

How do we see these Range Bars in Amibroker?

Finally, it is worthnoting ….