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Trading: Mini and micro US Indexes/ DAX/ FX/VIX/GOLD
Posts: 180 since Apr 2010
Thanks Given: 53
Thanks Received: 164
I personally like to see as much of the market as possible. Resting liquidity is relevant to price as it often attracts price to it. The interesting part is what happens at those levels. For example, big figure levels, particularly in stocks, often have large resting volume, but it's not always genuine and is pulled as the price nears it. If it is genuine then it can act as a support or resistance. And if absorbed quickly, price often continues past it. In futures, it's more of a game for market makers and their algos, and price has far more latitude. Market makers can only add liquidity but this can move price, so they are in control as long as it's a technical market. Did you trade during the pandemic crash? Well, I remember getting filled 200 ticks away from the advertised best price as I stupidly put in a market order. The MMs had simply left the building. They only transact when in their interests. How many on the index futures, maybe six big players?
Imprint charts? Do you mean numbers bars, the display of volume delta etc at each price level within the bar? If so, then you don't need depth, as you are not viewing resting orders, just transacted volume.
I use Transferwise for my banking. A good app for international, multi currency transactions.
A while back I was trying to decide between quantower & bookmap - sth that annoyed me with quantower was that the DOM Surface wasn't updating in regular intervals I'm not sure if that was due to a bug or the data provider. Have you noticed anything like that?
Good to know, thanks!
Do you know if it's possible to make it combine (aggregate) order book liquidity levels when zooming out in the heatmap?
For example when you're zoomed in you can see every single resting limit order (eg 100 orders at 2700, 400 at 2700.25), but when zooming out you see 500 total orders at ~2700.
I made a few screenshots with IQFeed today (which has only TotalView NASDAQ subscription), but it looks almost empty.
Still idk if it is because of IQFeed, or because of the real market situation, cos the comparison with DAS Trader market data show very similar picture. There is no any comparison with the picture on the futures which i see here from @ZCars.
Idk, maybe i'm looking for something which just does not exist. The next stop will be to start eSignal (cos i see it as a ethalon level2 data) and forward market data to TWS and consume market data from there in Quantower. In theory it should just work, but idk if it worth it.
You can find a couple of screenshots of IQFeed level2 below. This pictures does not feel full.
By the way Quantower full edition is completely free with AMP
I tried the demo for a week and the overall experience is good.
They lack some basic indicators like the previous OHLC that is a must for a future trader and others like KAMA (hope they will add soon) and
I have not seen the possibility to paint bars/candles with studies.
I'd love to see the current P&L and the cumulative P&L with commissions both in the trading interface module, like Sierra Chart
Another interesting thing is that AMP will allow you (with 10$ month + exchange fees) to have a double login for the same account using other CQG platforms for free like Qtrader or Multicharts.net.
Only for backup:
With the same User and password, you can have access to another CQG platform of your choice without any cost.
Obviously it works only if you are logged out from QUANTOWER
My preference is still Sierra Chart, but I love CQG data feed and order routing while they hate it. I don't understand the reason why a software engineer company want to impose their data feed (Denali) to brokers and traders
p.s.: DOM Surface is useful but only for the ES. From what I know CQG send only 10 price levels on bid/ask for the other index futures (even the MES has only 10 levels) anf this is very limited to all traders that want to analyze the market in this way. Rithmic does not have any limitation
DOM surface to be more useful needs of the delta cumulative indicator (line) placed in a new sub window
I am currently doing a Quantower demo through Edge Clear. It's a funny platform...some of it is really clever, but there are some things that are missing that you would think it would have. For instance, it doesn't have a previous OHLC indicator. What the heck?
Are bracket orders held server-side? I plan on using Rithmic data if that makes a difference. I'm not entirely clear how it works.
