Candlestick Constructon

Prem
Hi @ vivek,

On "kite.zerodha" how Candlestick Constructed as per selected time interval such as 1 min, 3 min, 5 min etc. Is it constructed as per last traded price? If yes, then I also need "LTP" from "Tick Model" to construct Candlestick through Websocket.

So, I can place orders by creating strategy from two ways:

1) As per "Historical Data API"
2) As per Websocket Streaming

So, my question is that which one approach is better to create strategy for placing orders?

Kindly reply
  • Vivek
    @Prem Yeah we use last traded price to construct candles in Kite. We assume that LTP we received is for that second and form candles based on that. Ideally a strategy can be using both Historical and Websocket streaming, so its all depend on your strategy.
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