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MultiCharts, MultiCharts, MultiCharts...
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MultiCharts, MultiCharts, MultiCharts...

  #61 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,218 since Jun 2009
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tams coded bunch of indicators for MC;
Trading Indicators - Traders Laboratory - Professional Traders Community

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  #62 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 370 since Dec 2009
Thanks: 218 given, 369 received

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)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 33 given, 281 received



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)
Elite Member
London
 
Futures Experience: None
Platform: MC & Ninja mainly
 
Posts: 130 since Jan 2010
Thanks: 3 given, 47 received


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)
Elite Member
London
 
Futures Experience: None
Platform: MC & Ninja mainly
 
Posts: 130 since Jan 2010
Thanks: 3 given, 47 received


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)
Elite Member
London
 
Futures Experience: None
Platform: MC & Ninja mainly
 
Posts: 130 since Jan 2010
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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)
Elite Member
London
 
Futures Experience: None
Platform: MC & Ninja mainly
 
Posts: 130 since Jan 2010
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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)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received

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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #69 (permalink)
Member
Panama!
 
Futures Experience: None
Platform: Hit the Bid!
 
Posts: 44 since Jun 2009
Thanks: 1 given, 22 received

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.

The following user says Thank You to tortexal for this post:
 
  #70 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received



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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


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