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How does a continuous Futures Contracts chart constructed in Tradingview?

I would like to know how $GC1! is constructed with the data from CME as an example.

Normally it If April Contract is closes say $1400 and May contract opens at $1395, then $5 should be deducted while constructing the continuous chart.

Is this the case with Tradingview OR are they using another calculation method?

Your answers are highly appreciated.
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  • Tradingview's 'Continuous Contracts' are equivalent to what others refer to as 'Nearby', where they become merged together, or spliced together and only modifiable by changing to different resolutions: D,W,M (which is problematic in its own, by the date/time differential). Others refer to 'Continuous Contracts' as the rollover of that particular monthly contract whereas the spot month is spliced together with the same contract month, but 1 year out (at least in grain commodities).
    This 'Continuous Contract' and method of generalized splicing is similar to the Weekly/Monthly viewpoint, whereas both can be not only confusing, but give drastically different and hyperinflated anticipated returns and a false perspective than reality. There is a definite need to have the ability to modify or script the various methods of splicing in different fashions.
    Hence, with TV's 'Continuous Contracts', if there is a sizable gap-down, it is simply the Failure of the back month to Converge with the spot price while the Volume leaves and the Open Interest (yes, TV needs OI desperately) is depleted and/or rolled from the front month to the various calculated back months (between FND and LND).
    note: This is only my interpretation, but maybe admin will further address the issues above, and/or others will chime in with coding workarounds or better input.
    Good luck,
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  • could you please explain the continuous contract roll using an example for Emini S&P futures- $ES1!

    The current contract as of today is Sep14 ( with highest OI/Volume). When does tradingview change over to the Dec14 contract? and whats the methodology?

    Thanks
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  • This reply was removed on 2017-01-18.
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