Sorry if this is the wrong place for this, but I've Googled around quite a bit and can't find this spelled out anywhere. Most of the common indicators seem to be based on daily periods. If I want to incorporate an indicator value while backtesting bid/ask tick data - say a 10 day moving average - do I need to resample the ticks into 1-day data, run the indicator on it, and then merge the daily indicator values back in with my tick data?
Since Forex is a 24 hour market, what time should I consider the "Close" for the day? 11:59:59pm GMT?
Also, if they are only updated on "Close", does this really mean that most of the commonly used indicator values are constant for the entire trading day, or have I just not looked into enough indicators?
Thanks for your help.