Multicharts and bid/ask volume - MultiCharts | futures io social day trading
futures io futures trading


Multicharts and bid/ask volume
Updated: Views / Replies:12,247 / 32
Created: by dkelly Attachments:5

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 5  
 
Thread Tools Search this Thread
 

Multicharts and bid/ask volume

  #1 (permalink)
Elite Member
Orange
 
Futures Experience: Intermediate
Platform: Multicharts
 
Posts: 13 since Mar 2010
Thanks: 1 given, 1 received

Multicharts and bid/ask volume

Using IQfeed data, I was curious how Multicharts separated the trade volume coming in at the bid and trade volume at the ask. I had Multicharts side by side with Sierra and Ninja. Sierra and Ninja gave exactly the same results, and Multicharts didn't. Now I'm left thinking I can't use Multicharts for this kind of analysis.

 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


Can you provide specifics, screen shots, etc? Can you reproduce it? Have you asked MultiCharts what they say about this? I ask only because I don't believe MC does any sort of filtering, and for IQfeed they are using the same client as NT for the source of the data.

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.

 
  #4 (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


dkelly View Post
Using IQfeed data, I was curious how Multicharts separated the trade volume coming in at the bid and trade volume at the ask. I had Multicharts side by side with Sierra and Ninja. Sierra and Ninja gave exactly the same results, and Multicharts didn't. Now I'm left thinking I can't use Multicharts for this kind of analysis.

Are you using 'upticks' and 'downticks' to get the data? You didn't really say enough to tell.
Anyway, if so it is exactly what it says it is: uptick volume and downtick volume. Not bid volume and ask volume.

 
  #5 (permalink)
Elite Member
Rio de Janeiro - Brazil
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Stage5/IQFeed
Favorite Futures: ES
 
GentleTrader's Avatar
 
Posts: 85 since Jun 2009
Thanks: 6 given, 47 received

Re: Multicharts and bid/ask volume

I don't think MC is able to track bid/ask traded volume at this time. Just up vs. down ticks.

 
  #6 (permalink)
Elite Member
Orange
 
Futures Experience: Intermediate
Platform: Multicharts
 
Posts: 13 since Mar 2010
Thanks: 1 given, 1 received

the only way I know to track it in Multicharts is Upvolume and Downvolume. I've attached a screenshot of the 1 minute Euro futures.

Attached Thumbnails
Multicharts and bid/ask volume-multicharts-vs-sierra-bidask.png  
 
  #7 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


dkelly View Post
the only way I know to track it in Multicharts is Upvolume and Downvolume. I've attached a screenshot of the 1 minute Euro futures.

Hmm. I just compared CL on Zen and IQfeed, I am not sure what to make of results. Blue = Volume Up, red = Vol Down. I think it might be a real-time only option from the feed judging from the lack of historical data on IQfeed? And missing gaps on Zen?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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.

 
  #8 (permalink)
Elite Member
san ramon
 
Futures Experience: Beginner
Platform: ninja
Broker/Data: zen
Favorite Futures: es, 6e
 
Posts: 136 since Oct 2009
Thanks: 98 given, 73 received

Hi Mike.....is it possible to export 1 min data for ES 06-10 from IQfeed for last 1 month so we can compare it to Zen-Fire......it's hard for me to believe that two feeds would report different values ....... i always had a concern of "when they reported" and not "if they reported" ......

 
  #9 (permalink)
Elite Member
Orange
 
Futures Experience: Intermediate
Platform: Multicharts
 
Posts: 13 since Mar 2010
Thanks: 1 given, 1 received

IQFeed provides the historical bid and ask volume data. It is just that Multicharts doesn't show it. Sierra, upon opening a new chart of a symbol not previously watched real time, has all that data already there.

 
  #10 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,215 since Jun 2009
Thanks: 628 given, 6,311 received



dkelly View Post
IQFeed provides the historical bid and ask volume data. It is just that Multicharts doesn't show it. Sierra, upon opening a new chart of a symbol not previously watched real time, has all that data already there.

SC stores history data in their own database I believe.


Closed Thread



futures io > > > > Multicharts and bid/ask volume

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Gom Cumulative Delta Volume for MultiCharts proton242 The Elite Circle 291 November 13th, 2017 07:31 AM
Volume Breakdown and Bid/Ask Difference studies lolu Sierra Chart Programming 82 August 6th, 2015 03:26 AM
Need Help extracting bid/ask volume at every tick from posted files. FORZATRADER Traders Hideout 4 July 28th, 2011 05:45 AM
NASDAQ, ICE Bid for NYSE; Trump Deutsche Bourse Bid Quick Summary News and Current Events 0 April 1st, 2011 09:10 AM
MultiCharts Custom BarTypes, Historical Bid/Ask bems EasyLanguage Programming 2 July 7th, 2010 07:55 PM


All times are GMT -4. The time now is 02:06 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.12 seconds with 20 queries on phoenix via your IP 54.226.34.209