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)
There seems to be no Volume based charting. Given that for the last 5+ years I've used volume charts almost exclusively for short and midterm analysis, this is not good for me.
If you want intraday data you will need to connect to either IQ feed or TWS. It's pretty straight forward to setup. just click data/ data providers
There is currently no volume profile, however there are market profile tools. So a volume profile would be easy enough for them to implement. VWAP + accurate bands should also be due out in a later version.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
I'd like to give a lot of credit to Market Analyst. The care and attention to detail is very prominent in their platform and efforts, from the demo emails to the tooltip help "new user welcome" when you first install the program.
I also think the app is incredibly intuitive, far more intuitive than any other platform I've tried in recent years. I like the way they've organized things.
I need to spend some more time with it and I'm sure there will be some weaknesses that will be uncovered. But even just one day into the trial, I think this platform has the potential to really help my own personal trading "flow" by reducing dozens of charts and overlays I have in Sierra to create the intermarket and ratio charts. Market Analyst has all of that built-in and it's seamless from what I can tell so far.
Need more time, but will admit I am impressed so far. Not an easy thing to accomplish
Will reserve final judgment after spending a lot more time with it.
Yup you were right. IQFeed looks to be working fine so far.
Given MA's current lack of correct VWAP and lack of Volume Profile, I am wondering how well they handle underlying 1-tick resolution data? For example, in Sierra I can easily create a composite Volume Profile of an entire calendar year, built on underlying 1-tick data for maximum accuracy, while viewing a chart of any timeframe (say, 100k vol, 5 min, daily, weekly or otherwise). The VWAP and VP studies are always 100% accurate.
@Neo1 I may have spoke too soon regarding IQFeed. I'm having trouble downloading more than just 4 weeks of data or so for minute or tick based data via IQFeed.
Minute based data should be many, many years, and tick based should be 180 days I believe.
I have the "Date range" set to "Everything", and daily bars work as expected -- but minute or tick based bars are wrong. It seems to be putting a limit on what it is retrieving.
Am I missing a setting somewhere that you know of? Did you run into this problem yourself?
The ease of which you can overlay spreads/ratios or other series is quite impressive. Definitely one major drawback of the architecture of Sierra Chart.
Select: Data/ Exchanges/ select the exchange you want eg NASDAQ/ intraday options/ then change the minute & tick settings to the maxium days you require
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
I think at present you can calculate daily VWAP using a 1tick resolution( check out the VWAP tool) So VWAP itself should be accurate. I suggested they implement a daily VWAP+ VWAP bands, which they did- However they used the wrong calculation for the bands. I've since explained how the VWAP bands are to be calculated, so they should function correctly in later versions.
Their "market profile" used to have settings so you could configure .01 resolution letter/block increments. So an accurate volume profile where you could select it to calculate off 1-tick data might not be too much of an issue, providing you were using the likes of IQ feed.
I'm just speculating here though, so don't take my word for it.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
