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Webinar: Sierra Chart Ladder, TPO, Volume Profile and "Homework"
I'm pleased to have Anthony back from Sierra Chart for a new webinar presentation, courtesy of Velocity Futures. The webinar will be on Thursday, April 19th @ 4:30PM Eastern.
Topics include:
- Numbers Bars (Volume Ladder)
- TPO charts
- Volume Profiles
- Using the spreadsheet study for custom analysis of price/study data (ie "homework")
- Trade statistics and trade reporting
- New features since the last webinar
- Q&A
I read in some places on the web that the connection of Sierra charts to TT causes problems with getting accurate Ask/Bid Volume data. I have no idea what this means. I use Sierra Charts with Open E Cry and I use the Numbers Bars charts with Ask X Bid volume. Should I be worried about this issue?
My broker's data feed is TT, and it is not of acceptable quality for ask/bid volume studies. But OEC provides a different data feed, so TT's data is irrelevant for you. But if you want the best quality data, DTN IQFeed is what you need.
I wil try here to do an analysis and comparation on different data feeds and platforms to perfom studies involving bid/ask data, like comulative bid/ask difference or delta bars and footprint like.
Luke.
P.s. Is not a simple work, and take …
But I can tell you that over a year ago I compared some of the broker-based datafeeds including OEC. The numbers were significantly different than DTN's. I called OEC and was told that they aggregate their data. If they still do this, their data will be inaccurate for volume studies.
The combination of Sierra Chart and CTS T4 seems to be an excellent one. The CTS T4 Bid/Ask data are said to be quite reliable and I heard that SC's connection to CTS T4 is very well implemented. I hope to switch to that combo pretty soon. You might check if your broker offers CTS T4.
mabe you can forward the following questions to Anthony:
1) Does SC plan to add a Pullback Column to the Numbers Bars Study?
2) Does SC plan to improve the Trade Window, e.g. faster selection of number of contracts?
3) Does SC plan to add order types like Iceberg Orders?
An additional question for Anthony is: Does SC plan to add the functionality "Estimated Position In Queue" to the Chart DOM? That is a quite helpful function and contributes to making the trading live easier.
Yes, but CTS's commissions are $0.50 extra per side ($1.00 RT). This could easily cost you more monthly that DTN IQFeed's flat rate. For example, Velocity's commission for the ES is $3.62 RT, using TT. They don't offer CTS because of the higher commission. I know because I asked.
