I’m using some Streak scanners on Nifty weekly options. In Kite, when the 5-minute Nifty Index chart finishes forming a 5-min candle, Streak doesn’t immediately give alerts. There’s a delay of about 36 seconds from the end of the candle.
Please clarify how to eliminate this delay.
Hi @jaydivanji
Do note that Streak takes an average time of 20~30 secs to calculate the input values(Indicator values/ Entry conditions and other parameters) to produce an output. It is not possible to maintain the accuracy and keep the alert delivery time even less due to various reasons. The key reason is the data latency in candle formation and retrieval from the exchange data sources itself.
If we hurry and generate alerts without confirming multiple times that the candle is formed and all ticks have been accounted for in forming the candle, the signal might be incorrect and later may not match with the charts or scan results, leading to more confusion and unreliable analysis. You can refer to the below link to learn more about this-
https://tradingqna.com/t/why-is-ohlc-data-different-on-live-charts-and-marketwatch/16528/3?u=streak
Hope this clarifies the doubts.
Thanks for the clarification.