We publish charts in multiple time frames, daily, weekly and monthly. After the close of each trading day, we update the charts for all the instruments we track, in all time frames. So the last daily bar will be complete after each trading day, while the last weekly and monthly bars will be incomplete until the end of the week or month. Nevertheless, this allows you to view the progress of the higher time period bars in real time.
Most of our clients use the daily charts to enter and exit trades, but they also refer to the higher time period charts to gain additional context. For example, if the weekly and monthly charts indicate a downtrend, it may be advantageous to avoid long entries on the daily chart and wait for short opportunities. That way you’re trading with the higher time period flow, rather than trying to swim against the current.
Please realize that for some instruments, the price history is too short to provide useful information on the weekly and/or monthly charts. This is particularly true for cryptocurrencies, many of which have only been in existence for a year or less. For the sake of consistency, we still publish the higher time period charts for these instruments, but the indicators and analysis on these higher time periods should be taken with a grain of salt.