With ‘default’ at the close of every hourly candle it will look and see what the current values are of the currently forming daily candle and use those values.
I can see that a price candle is continually forming throughout the day, but if an Indicator is running on a Daily TF then how does that (Daily) Indicator form any intraday value if the Indicator code only runs at the close of the Daily candle??
Maybe I’m confusing myself now … doesn’t take much! 🙂
Edit / PS
It’s only since MTF that the Daily Indicator code would run other than at close of the daily bar?? With MTF the Daily Indicator code (or whatever superior TF code?) now runs at the default TF and computes an intra-day Indicator value??
