Yes, IQFeed is rather expensive if you only want a few symbols. The new NT feed is better in that regard as it is cheaper and has a lower number of symbols to start out (but is same feed). Not sure why IQ does not offer a lower tier.
Keep in mind they have a fee waiver, will reduce/eliminate some exchange fees and bring the costs down. Details are on their website, most brokers are supported.
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Yes, the fee waivers help tremendously, but even as low $60/month is a lot to pay if you are just looking for market internals.
Another cheap option for market internals is to use the IB datafeed. If you have an Interactive Brokers account, you can connect it as a secondary feed to get the internals. It is not the greatest feed, but for internals which are only updated once a sec or less it is adequate.
Have you considered Think Or Swim. I think you can get all this for free. I know some traders have opened the minimum account there just for that purpose. When you think about it you can close your account any time and get your money back.
The following user says Thank You to trendisyourfriend for this post:
As a corollary to your question, do we need market internals to be profitable ? If i have a setup to the upside with no obstacles in front, i'll take it no matter if the $INDU-kush Mountain is on the verge of collapse.
i been using tradestation for charting and internals - been looking at Think Or Swim this week and noticed their internals give very different data - particularly $TICK.
Neither TOS support or Tradestation very helpful about why this might be - usual "not all data feeds are the same" answer.
Anyone know why this might be and which is likely to be more accurate?