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IB FX vs FXCM data & TPO charts
Started:March 12th, 2014 (11:18 PM) by Oysteryx Views / Replies:614 / 1
Last Reply:March 12th, 2014 (11:18 PM) Attachments:3

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IB FX vs FXCM data & TPO charts

Old March 12th, 2014, 11:18 PM   #1 (permalink)
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IB FX vs FXCM data & TPO charts

I wanted to share something interesting I found while exploring TPO charts and comparing results from FXCM (Sierra's data feed) and IB.

I would have expected them to be almost the same. Not the case. Sometimes differences are striking.

As example I'll share the results of EURGBP 1yr TPO chart (from 2013/3/11).

IB historical data: VAH 0.8600, POC 0.8542, VAL 0.8312. Relatively normal looking bell curve.
FXCM historical data: VAH 0.8605, POC 0.8454, VAL 0.8315. Value area is very flat, thus not surprising the POC is 1 big figure away from IB's.
FXCM intraday data: VAH 0.8609, POC 0.8548, VAL 0.8320.

Bottom line: be very careful when assigning any value to TPO charts in FX.

Please feel free to move to another section - could not find a data section.

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IB FX vs FXCM data & TPO charts-ib.jpg   IB FX vs FXCM data & TPO charts-fxcm.jpg   IB FX vs FXCM data & TPO charts-fxcm-intra.jpg  
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Old March 12th, 2014, 11:18 PM   #2 (permalink)
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