Saxo Bank upgrades OpenAPI charting features with new sampling methods and expanded candle length options for enhanced analysis.
Saxo Bank upgrades OpenAPI charting features with new sampling methods and expanded candle length options for enhanced analysis.
Saxo Bank significantly upgrades OpenAPI charting features, focusing on critical improvements to the Charts service group. This latest release, Version 3 of the charting endpoint, brings notable enhancements designed to offer users more precise and flexible charting capabilities.
Introducing a revised horizon sampling method is one of the most impactful changes in this update. Unlike previous versions, which set start times based on arbitrary absolute times, the new system aligns sampling with the actual exchange or market opening times. This adjustment is especially relevant for instruments traded on exchanges with non-standard opening times, such as NASDAQ, where markets may open on the half-hour. As a result, users will see more accurate and contextually relevant data in their charts. However, this change may require users to adjust their scripts for recalculations, back-testing, and other similar functions to ensure compatibility with the new sampling method.
The update also expands the available options for candle lengths, providing users with a broader range of timeframes for analysis. New options include 2 minutes, 3 minutes, 3 hours, 5 hours, three months, and one year, offering enhanced flexibility for analyzing market trends over various periods. This range allows users to tailor their charting to better fit their specific trading strategies and analytical needs.
Despite these enhancements, transitioning to Version 3 of the charting endpoint should be straightforward. The request and response structure remains consistent with the previous v1/charts endpoint, meaning users can switch to the new version by updating their request references from v1 to v3.
Saxo Bank’s OpenAPI continues to provide essential resources for building high-performance multi-asset trading platforms. The update also enhances integration capabilities for partners and affiliates, supported by an expanding set of resources, including the Saxo Onboarding API.
This release reflects Saxo Bank’s ongoing commitment to advancing its technological offerings, aiming to provide users with superior tools for navigating and analyzing financial markets.
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