Agree, my understanding of what was there was that Rithmic said too many Sierra users aren't executing via Sierra, so Rithmic wants to start charging more licensing fees to Sierra.
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Broker/Data: deepdiscounttrader.com sierra chart/TT & Interactive Brokers
Favorite Futures: ES
Posts: 42 since Aug 2010
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Cumulative Delta, Bid/Ask with Sierra Charting package
I am trying out a sierra chart demo / tt feed. When i compare the cumulative delta bid/ask with gomi's gomcd on ninjatrader / zenfire there are very big differences all the time. Maybe it is because of the different data feeds. Has anyone compared the two in the past ?
This topic has been discussed a lot and I think you can find a lot of information about it here and elsewhere. Reliable tick data for bid/ask tools require a reliable data feed and most brokers' data feeds cannot deliver that so you will end up with large differences between them.
I'm thinking of giving it a try for the Delta studies, but I haven't seen a reference to a Delta Momentum study.
Do they have such an indicator built in, and if not is it possible to create one using the bar delta they do have?
Second, I trialed SC a few months back, but found it very hard to figure out setting up charts and sessions etc. Are there templates available for things like volume profile with separate profiles for ETH and RTH sessions?
Can you describe concisely how the delta momentum study should work, and how it is calculated? In other words, what does it tell you? It is very possible that another built-in study can compose delta momentum based on existing studies.
The following user says Thank You to josh for this post:
Thanks for the response Josh. It's a fairly standard study - there's a gomi version, and FT71 uses it in IRT, as do the folks at l2stk. It just sums the bar delta as long as it is all in the same direction and draws a histogram above or below zero. It's the only form of the bar delta indicator I've found consistently useful.
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