How do I get my daily charts to show the same OHLC on NinjaTrader and TradeStation? I am not too familiar with TradeStation just got it recently but I am noticing that the daily bars have different reading on both platforms. I think I did get some settings incorrectly. Grateful if I can get some help.
The question is what daily data you want to see. Daily data depends on
-> the definition of the trading day
-> the definition of the session (regular trading hours or electronic trading hours)
-> the decision to show either the close (last traded price) or the settlement price (VWAP of the settlement period)
If you have a quality data feed, it is likely that this data feed shows the same data as is published by the exchange.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
The current front month is ES 03-12 and the CME website shows: Open 1250.25 / High 1254.50 / Low 1220.00 / Settlement 1229.25
These are basically the values that I want to see on a daily chart. If I use NinjaTrader daily charts and connect to Kinetick EOD, this is exactly what I get.
However, if I use a 1440 min chart, the result depends on the session template which I selected. Let us assume that I selected a template that reflects the trading day of ES as per contract specifications. In this case the 1440 min chart will display the correct high and low, but not the settlement price. It would show the market close, which comes at 1229.75.
I do not use tradestation, but the user manual should tell you how to retrieve ETH or RTH data and display it.
The following user says Thank You to Fat Tails for this post:
This was only true with NT 6.5 when using Zen Fire, because ZF does not support daily bars.
As of NT7, it was solved.
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.
The following user says Thank You to Big Mike for this post:
Thank you Fat Tail.
The price on Trade Station and the Exchange are exactly the same. For instance, TF03-12 show as 731.10 (O), 739.70 (H), 710.20 (L) and 714.50 (C), which is same as Exchange. However, NinjaTrader shows as 730.20 (O), 730.70 (H), 719.80 (L) and 729.70 (C). I am using CGQ feed and using a regular daily chart.
What do I need to do to get this correct on NinjaTrader?
Thanks for your reply again FatTail. I understand. I am using CQG datafeed that is provided by AMP. I was obviously not clear in my question that is - is there a session template configuration that would impact the OHLC price display? I called CQG and they confirmed that the end of day price was the same as the Exchange. My view then was that the historicals are handled differently on NinjaTrader (my guess) so I was curious to find out what is it that I need to do to get this right. Any help is appreciated.
The session template has no impact on daily data. Daily data is displayed as downloaded by NinjaTrader from AMP/CQG servers. What type of data is downloaded may depend on the instrument settings as set in the instrument manager of NinjaTrader.
I have personally no experience with AMP/CQG and cannot help you with the settings.
Why don't you simply connect to Kinetick and download the free EOD data, which is correct?