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Thread: How can i do get ask data calculating it from bid data using a fixed spread ?

  1. #1
    Join Date
    Apr 2011
    Posts
    59

    Question How can i do get ask data calculating it from bid data using a fixed spread ?

    I would like to know how can i calculate ask data from bid data using a fixed spread?

    Should i add the spread to the bid data to get the ask data?
    so:
    AskOpen = BidOpen + Spread;
    AskHigh = BidHigh + Spread;
    AskLow = BidLow + Spread;
    AskClose = BidClose + Spread;

    So if bid prices are:
    6/1/2010,08:32:00,18.44,18.44,18.42,18.43

    and Fixed spread is 0.05

    Then Ask Prices should be:
    6/1/2010,08:32:00,18.49,18.49,18.47,18.48

    ?

    Thank you
    I add content to the DailyFX Trading Community

  2. #2
    jimmylmh is offline FXCM Automated Platform Specialist
    Join Date
    Dec 2010
    Posts
    964
    Hi Manuel Gallego,

    Thank you for posting.

    If this is how you want to compute the Ask data, then yes, I think it makes sense.

    Let us know if you have any difficulties when applying this.

    Regards,
    Jimmy

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