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MultiCharts, MultiCharts, MultiCharts...

  #61 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

tams coded bunch of indicators for MC;
Trading Indicators - Traders Laboratory - Professional Traders Community

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Can you help answer these questions
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  #62 (permalink)
 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker: Several
Trading: ES CL ZB
Posts: 374 since Dec 2009
Thanks Given: 226
Thanks Received: 381

Back and forth on whether to even post this as it offers nothing constructive but rather only expresses my opinion. Just can't hold back though. TradeStation is awful and Easylanguage compared to C# is like the dude spraying graffiti in the alley behind the YMCA compared to Picasso. I'd think long and hard about sidling up too close to Multicharts - not because there's anything wrong with MC (other than EasyLanguage) but because they always run the risk of getting "cease and desisted" by TS. One more little quick rant: I've used several charting platforms and they all have some really nice features and some really frustrating features. To this point, I have not seen anything that is perfect. I'm not being an advocate for NT7 either - but in your case (Big Mike), you've already put in a good deal of time developing proficiency with NT. If your primary objective with trading is to make money trading, then both platform and chart shopping / comparing can easily become a distraction rather than an improvement to your bottom line. You need 2 things from your broker: great fills and low commissions. Anything beyond that is a bonus. From your charts, you need to see exactly what you need in order to make your trading decisions, nothing more, nothing less.

Great forum.

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  #63 (permalink)
Richard
Dallas TX/USA
 
Posts: 153 since Jun 2009
Thanks Given: 33
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Big Mike View Post
With MultiCharts QuoteManager, this seems to suggest you can record and save the Bid/Ask info for historical processing.

Does anyone know for sure?

I'm not positive but I believe that's just so you cache the data so you can build a chart based on the bid or ask later. Easylanguage has no equivalent to NT OnMarketData() that would give you a reliable inside bid or ask, so even if they were stored I wouldn't use them except as a last resort.

In MC6, a feature I haven't used is "precise" backtesting. It seems you add the Ask and Bid charts to your backtest chart, and then point MC to it for the backtest, and I suppose it uses that extra data to make the backtest more realistic in some sense. But I don't have any experience with that.

For tick based charts, MC does calculate the uptick volume and downtick volume on past bars, which is a decent proxy for bid and ask volume in most cases.

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  #64 (permalink)
 NickA 
London
 
Experience: None
Platform: MC & Ninja mainly
Posts: 135 since Jan 2010
Thanks Given: 5
Thanks Received: 50


Zoethecus View Post
Does MC have range bars? It's not clear on their website (which looks like a science project from a 10 year old).

Not sure if this has been answered (playing thread catch up). They do.

  #65 (permalink)
 NickA 
London
 
Experience: None
Platform: MC & Ninja mainly
Posts: 135 since Jan 2010
Thanks Given: 5
Thanks Received: 50


Big Mike View Post
With MultiCharts QuoteManager, this seems to suggest you can record and save the Bid/Ask info for historical processing.

Does anyone know for sure?

Mike

In theory absolutely. I am testing now to see if it holds up in all eventualities.

  #66 (permalink)
 NickA 
London
 
Experience: None
Platform: MC & Ninja mainly
Posts: 135 since Jan 2010
Thanks Given: 5
Thanks Received: 50


perryg View Post
Does multicharts use Zenfire as a datafeed.

It can. It also has 1 day history (provided by Rithmic). History on Ninja comes from Ninjas own servers so is unavailable to MC.

  #67 (permalink)
 NickA 
London
 
Experience: None
Platform: MC & Ninja mainly
Posts: 135 since Jan 2010
Thanks Given: 5
Thanks Received: 50


Richard View Post
I'm not positive but I believe that's just so you cache the data so you can build a chart based on the bid or ask later. Easylanguage has no equivalent to NT OnMarketData() that would give you a reliable inside bid or ask, so even if they were stored I wouldn't use them except as a last resort.

In MC6, a feature I haven't used is "precise" backtesting. It seems you add the Ask and Bid charts to your backtest chart, and then point MC to it for the backtest, and I suppose it uses that extra data to make the backtest more realistic in some sense. But I don't have any experience with that.

For tick based charts, MC does calculate the uptick volume and downtick volume on past bars, which is a decent proxy for bid and ask volume in most cases.

This is spot on. insidebid and insideask return current values, not the value when the tick occurred. It is asynchronous. I am looking at a workaround to this.

BTW you can write stuff and compile it into .DLL's opening up other languages. Obviously a learning curve with this but once you understand the calling conventions it might be a good option for you Cx guys. Personally I love easy language for quick prototyping. Something that takes hours in NT I can usually get done in minutes!

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  #68 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

As part of my MultiCharts journey, I have just uploaded two pdf ebooks to the FIle Sharing section. Both are on EasyLanguage, one is a introduction and the other is more of a reference guide.

Links:
Getting Started with EasyLanguage
EasyLanguage Essentials

Mike

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  #69 (permalink)
tortexal
Panama!
 
Posts: 44 since Jun 2009
Thanks Given: 1
Thanks Received: 24

Shelved MC for a while, it can't handle custom continuous contracts at all. You can "import" them but the OHLC are totally incorrect and increasingly incorrect the further you go back in history. as a result its data integrity is way out of whack and will not optimize systems properly with tradestation data feeds.

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  #70 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537



tortexal View Post
Shelved MC for a while, it can't handle custom continuous contracts at all. You can "import" them but the OHLC are totally incorrect and increasingly incorrect the further you go back in history. as a result its data integrity is way out of whack and will not optimize systems properly with tradestation data feeds.

Which data feed? I'm using IQfeed and the continuous contracts seem to work perfectly.

Mike

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