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MultiCharts 8.5 is coming...


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MultiCharts 8.5 is coming...

  #11 (permalink)
Bimi
London
 
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NickA View Post
The way I read it for loading historic data it averages the data across the second (the resolution of the database). If this is the case they have missed an opportunity. If I have mis understood and that is nit the case i will be delighted, i have been on at them about this for years!

As far as I can tell the historic database is still one second resolution. That is the problem and always gas been. You need precise time stamps and/or properly sequenced data across multiple data streams. Correctly dealing with live data just doesn't cut it you must be able to refresh from historic data in the database.

Have you been testing it? Are they changing the database resolution (that would be big hurrah for all sorts of reasons)

Edit: this is the worrying bit below......(though if they have changed the database resolution to milliseconds or better it would probably be an OK approximation. If it still one second resolution it's no better than what we have now, which just doesn't cut it)

Important information: The logic described above is for data collected in real-time. The following logic is used for historical plots. Example: Assume there are 3 historical trades, 9 historical bid quotes and 12 historical ask quotes. All of them have the same timestamp. To find out which historical asks and bids were used to generate the trades, they are all divided into 3 equal parts (because there are 3 trades). the first “batch” there are 3 asks, 1 trade and 4 bids. The most recent ask/bid matching the trade price is considered to be the price where the trade was made. If ask price is considered for the fill, then the trade’s volume goes to BUY volume. If bid is considered for the fill, then the trade’s volume goes to SELL volume..

Can you tell me which charting software uses sub-second resolution and analysis? I would like to buy it.

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  #12 (permalink)
 NickA 
London
 
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arnie View Post
I haven't compared yet the differences between historical data and real-time collected data. I'll see if this week I'm able to make a couple of comparisons. With volume delta bars it will be easy to compare real-time collected data and historical data.
Again, this version is still in an "alpha" stage, where many of the new features are still being developed. You're a bit limited regarding some tests.

Let's wait for the "beta" version for a proper testing environment.

Indeed. Having said that over the years I have corresponded at length with them and it always gets to me saying 'you need to make architectural changes to the database' and then reaches an impasse. Actually it is only in recent conversations that I feel I have successfully convinced them that this is a core requisite for several indicators (including delta). Things usually just go quiet at that point. At least now the problem is getting consideration, happy days!

I certainly share your enthusiasm for what might be but based on the wiki entry you should really wait and see before stating "Let me assure you that CD calculation is not an approximation, it's the real thing" this is in direct contradiction to the info they published in the wiki. All I did was draw attention to this which sates it is (will be) an approximation.

I really like MC, I have huge amounts of time and energy devoted to it. I do however find it exhausting explaining why certain changes are necessary for it to compete in some areas.

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  #13 (permalink)
 NickA 
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Bimi View Post
Can you tell me which charting software uses sub-second resolution and analysis? I would like to buy it.

MC will do sub second analysis, just not across multiple data series, it considers bid,ask and last as separated data series. It also only time stamps ticks to 1 second resolution (historic data), this makes it less than ideal for 'velocity' or 'intensity' type indicators. if i am doing a project where this isn't an issue it is my package of choice.

Sierra chart and investor RT will both do sequencing correctly. I'm not really that familiar with IRT. Neoticker is the granddaddy of 'tick precise' technology (they trade marked the term) a lot of people find it a little difficult to program, it does have a steep learning curve but us is flexible.

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  #14 (permalink)
Bimi
London
 
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NickA View Post
MC will do sub second analysis, just not across multiple data series, it considers bid,ask and last as separated data series. It also only time stamps ticks to 1 second resolution (historic data), this makes it less than ideal for 'velocity' or 'intensity' type indicators. if i am doing a project where this isn't an issue it is my package of choice.

Sierra chart and investor RT will both do sequencing correctly. I'm not really that familiar with IRT. Neoticker is the granddaddy of 'tick precise' technology (they trade marked the term) a lot of people find it a little difficult to program, it does have a steep learning curve but us is flexible.

Sierra chart can do sequencing correctly, but can it do sub-second analysis?
Have you used Neoticker? Have you read the posts on their forum?

if none of the charting software can do sub-second analysis, then your diss of multicharts is just hogwash.

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  #15 (permalink)
 NickA 
London
 
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Bimi View Post
Sierra chart can do sequencing correctly, but can it do sub-second analysis?
Have you used Neoticker? Have you read the posts on their forum?

if none of the charting software can do sub-second analysis, then your diss of multicharts is just hogwash.

Yes I have used Neoticker extensively, though it must be said it was a long long time ago (5 years + i guess). Have you? It was designed from the ground up to sequence ticks across multiple data streams and in addition time stamps them to millisecond accuracy. I don't currently read their forums as I am not currently using It. As for Sierra i do use it for its correctly sequenced switch on and go delta and footprint studies.

I am not 'dissing' MC it is my package of choice, I can prototype simple applications in minutes with it and have pretty complicated stuff up and running in no time at all. However for certain applications that requires particular 'precision' there are simply better choices. It's also worth pointing out that even on live streams MC won't do sub second well, though you can kludge it with timer .dll's depending on your application. One of its great strengths (design based on TS including EL compatibility) is also responsible for some of its greatest weaknesses.

Anyway I thought you where looking for something to achieve a particular trading goal. If so I am happy to continue the discussion, if not I'm out, lifes too short.

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  #16 (permalink)
 
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 Fu510n 
Suffield, CT
 
Experience: Advanced
Platform: MC, TS, Python, Rust
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  #17 (permalink)
 
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 PositiveDeviant 
United Kingdom
 
Experience: Intermediate
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Finally received Windows 7 Ultimate in post, and now have upgraded to 8GB ram and 160GB SSD, installed Multicharts 8.5 and all my data, symbols etc.

What a difference all of this and 64-bit makes compared to Multicharts 8 32-bit - it's now very quick!

"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown

"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith
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  #18 (permalink)
 
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 medias 
Karlsruhe, Germany
 
Experience: Advanced
Platform: MultiCharts, AmiBroker
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... and ready to download

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  #19 (permalink)
 
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 andby 
Norwich, UK
 
Experience: Intermediate
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medias View Post
... and ready to download

done it, tried it - perfect !

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Last Updated on February 28, 2013


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