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MDP 3.0, is CME migrating to a new data comm protocol?

  #40 (permalink)

Legendary Market Wizard
Columbus, OH
 
Trading Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,460 since Aug 2009
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LukeGeniol View Post
This will affect also the exotic bars type like the various custom renko based on tick, the backtesting and also the indicators based on tick......Now they will have to be rethought.


macgwrite View Post
An FYI for the good folks using BetterRenko:

I compared my realtime journal chart of the YM on a 5 BetterRenko from 4/30/15 with the current historical chart in NT (Continuum data feed from NTB). They look exactly the same, so BetterRenko folks shouldn't be affected by the data change - at least not after the bar forms (unless NT is using old historical data...)

now don't get confused about tick charts and ticks in price

renko and also range charts need a certain amount of "ticks" (as in price) before creating a new bar. it doesn't matter if a trade is reported as 1 trade with 500 contracts or 500 trades with 1 contract. with other words the meaning of a tick here is like a 1/4 point in ES.

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