Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Can Someone Help Me Choose the Appropriate Charting Platform?
I trade US index futures through IB, with an IQ data feed.
I need a charting platform that will plot every tick of price movement, on a line chart.
For instance, if price moves from 13028 to 13029, I want the line chart to plot a new high, then if price moves back to 13028, I want it to plot a new low. IOW, I want the chart to plot the EXACT path of price, regardless of time concerns.
As it stands now, the closest I can get to this is a 1 tick line chart, or a 1 second line chart. However, it still does not follow the exact path of price. Comparing a line chart and candle chart side by side, the candle chart will show pullbacks, where the line chart will not.
Heres the 5 sec candle of the ym. Notice around 5:55, the inverted hangman dojis. Those are pullbacks.
This is the 1 tick line chart. Notice at around 5:55 theres no pullback indicated on the line chart, where the inverted dojis occurred.
heres the one second line chart. Again, same thing. Missed the dojis. Help?
Can you help answer these questions from other members on NexusFi?
This does not make much sense: "However, it still does not follow the exact path of price." A 1 tick bar chart absolutely does. If a candle shows "pullbacks," then it's plotting more than one trade per bar.
Next time you might consider posting a chart with a date so someone trying to help you can compare directly. Yes I'm using SC but NT should have the same functionality, and any charting package should; it's just a basic chart.
As you see, they are the same--the line on close just connects the "dots" that are the trades. You see "pullbacks" on the 5 second chart because each bar is 5 seconds, and most contain more than 1 trade. I assume you are using IQFeed. If you are talking tick level data, IB is useless. A 1 tick chart can have no "pullbacks" or "dojis" because that would imply more than 1 trade per bar.
You can do the same thing with NinjaTrader...
Create a new chart and when you see the Data Series window, select a market, click on the new button and then under ChartStyle on the right side of the window, you will see candlestick...change that to line on close.
Success This is it.... Set the chart type to "tick", value "1", chart style "line on close"....
One more question, with those settings, is it possible to truncate the horizontal price lines, so they don't eat up screen space? Like, only have price plotted, when it moves, not as time goes by?
Suggest you do some exploring of the different property pages...
right click on the chart and select properties. scroll down until you see Plot horizontal grid lines...set it to false.
Different property pages you should get intimately familiar with are
1. chart properties, right click on the chart and select properties.
2. right click in the right margin where the price labels are and select properties.
3. if you use chart trader, right click in the gray area and select properties.
By truncated horizontal lines, I meant more price lines, like the ones here.
I trade the ES off the 1 x tick, as per the above settings, and often times, price will remain at the same level for a period of time, "pushing off" historical price action I consider relevant. Is there a way for NT to only plot the actual changes in price, on the tick chart, with no consideration for time?
guess I didn't read your post closely. I think @monpere wrote a bar type that is called PriceChangeBarType or something like that. I thought he posted it here on futures.io (formerly BMT) but I can't find it. Maybe someone else can provide the link. Maybe it will do what you want.
This is it.... Set the chart type to "tick", value "1", chart style "line on close".... 
