Is there a reason to use HLC bars instead of OHLC bars?

Discussion in 'Technical Analysis' started by IronFist, Apr 29, 2008.

  1. I cannot think of a reason why you would want less data than more data.

    Anyone use HLC bars in favor or OHLC bars?
     
  2. ==================
    Only reason i can think of are ;
    HLC are inferior to OHLC:cool: Wisdom is profitable to direct
     
  3. For intra-day data, you can assume that the opening price on a bar is one tick away from the closing price of the previous bar. The opening price has more significance with daily, weekly and monthly data.