Charting Midpoint vs Charting Bid

December 4th, 2013, 11:18 PM

Curious what others think on this -- do you prefer to chart the midpoint price between the bid/ask or just the bid prices. It seems to me midpoint would provide a more accurate chart but maybe I'm wrong.

I think FXCM actually gives you the last price in which a trade was made but IB only offers bid, ask, or midpoint.

January 4th, 2014, 08:53 AM

srgtroy

Curious what others think on this -- do you prefer to chart the midpoint price between the bid/ask or just the bid prices. It seems to me midpoint would provide a more accurate chart but maybe I'm wrong.

I think FXCM actually gives you the last price in which a trade was made but IB only offers bid, ask, or midpoint.

I'm using midpoint charts too - its more representative than either bid or ask charts. Its not uncommon in other asset classes with dealer markets w/o last traded price information too.

October 11th, 2014, 12:52 AM

It's best to toggle between bid / ask to get a true depiction of s/r lines. Maybe there can be a hybrid like you see with next generation renko bars that provide the user a high or low tails that go beyond the midpoint to give a more precise result.

November 8th, 2014, 12:45 PM

either use midpoint or plot all.

Charting Midpoint vs Charting Bid

Discussion in Currencies

Charting Midpoint vs Charting Bid