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The calculation of Pre-Market Indicator is solely based on what is the last sale of Nasdaq-100 securities at the time of pre-market trading, which is between 8:00 a.m. and 9:30 a.m. ET. But just in case Nasdaq-100 does not trade in the pre-market, the last sale from earlier day is taken and used to calculate.
And if a Nasdaq-100 security does not trade in the pre-market, the calculation uses last sale from the previous day's 4 p.m. closing price. Be it after hours or pre-market, both indicators require different editing logic to filters any bad trades from this calculation. This gives a very accurate situation of the market trends. if we want to have a look at the Nasdaq-100 last on sale of pre-market indicator, we can see it on NASDAQ Official Close Price.
If we look at the several months trading, it clearly shows that the Nasdaq-100 After Hours Indicator and Pre-Market Indicator are on target. Nasdaq-100 pre-market and after hours Indicators have been famous as an important for the financial news media and investors who wish to get the nerve of the market at the time of extended trading hours. The job of ILX is to provide the data of pre-market in no time. All the information is provided by NASDAQ.
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