Currently I have Ninja as my charting package with AMP as my broker with data feed from CQG provided by AMP. What is happening is that I have a Cumulative Delta indicator from Ranchdinero that has a option to use bid/ask information. What happens currently, is that I open my chart and none of the historical information is back filled, only the forward real time information. I wanted to switch to Sierra Charting services and was wondering if anyone uses Sierra and if they are able to get the Cumulative Delta with the bid/ask. If so may I ask how you configuring your input and what services make up the configuration. It may not be possible but I thought someone here in the room may use Sierra. Any help would be appreciated.
Thanks
Hector
Can you help answer these questions from other members on futures io?
Thanks Silvester. I talked to Ninja and they don't know when they will come out with NT8 and they are not sure if they will be able to have historical data. Thanks though for passing the information to me. I would rather know twice than not know at all. What a great forum.
Thanks
Hector
The following user says Thank You to hector24 for this post:
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,785 since Jun 2009
Thanks: 32,313 given,
97,574
received
I am not really understanding your question.
Yes, Cumulative Delta works fine with Sierra Chart, it is built-in. Sierra Chart also natively supports bid/ask backfill with supported providers like IQFeed, so it means you can download historical data (120 days) of backfill for cumulative delta.
Thanks Mike. Actually you answered part of my question about Sierra does support CD with bid/ask. Also you mentioned a supported provider like IQFeed. That has narrowed my question down. Now will my current data feed, which is CQG thru AMP futures, work to get the ultimate result of backfilling for Cumulative Delta. If this works it will make my day. Also if you don't mind me asking what package would I need to subscribe to in Sierra to get the CD with bid/ask. Thanks Mike, you have a great platform for traders thru out the field.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,785 since Jun 2009
Thanks: 32,313 given,
97,574
received
I looked briefly, it seems Sierra does not support CQG. I would recommend switching brokers to a Zen Fire broker or CTS broker, and/or other supported brokers in combination with IQFeed.
Thanks Mike, I just finished looking also and did not see CQG or AMP as supported feeds or brokers. Thanks
for checking it out for me. If I may ask what broker you use and with what feed. I am thinking about changing.
Yes, sierra supports bid/ask volume analysis like cumulative delta. You should look at sierra's info online to find out which data providers provide what type of backfill. You will be glad you switched to Sierra. The guys at Ninja are nice, but Sierra is a professionally done program that has real built-in tools, and does not require numerous patchwork add-ons to be functional (though if you want to wait another few years for NT8 to be released and become stable and still be way behind SC, go for it ) -- and this is coming from a guy who has a lifetime NT license.
Josh thanks a lot. My hopes are still alive because I really like the Cumulative Delta with bid/ask. I checked Sierra and found that they do not service CQG. May I ask what data provider you use, that would give me some type of direction that I can look into. Once again thanks for your help.
"What happens currently, is that I open my chart and none of the historical information is back filled, only the forward real time information. I wanted to switch to Sierra Charting services and was wondering if anyone uses Sierra and if they are able to get the Cumulative Delta with the bid/ask. If so may I ask how you configuring your input and what services make up the configuration. It may not be possible but I thought someone here in the room may use Sierra."
I have been using Sierra Chart for years with DTN IQFeed and I love it. IQFeed have 120 days of historical bid/ask and the CD is working just fine, not to mention the support and update policy of Sierra Chart. Do yourself a favor and try them out. I'd gladly switch brokers if I had to any time of day
EDIT: forgot to mention that the product is very stable so don't expect to get the same number of crashes you get with IRT or MD - let alone the damaged databases because of those crashes.
If it requires a uniform, it’s a worthless endeavor. - GC
I use CTS, also have used IQFeed which is your best bet for cheapest and overall best bang for your buck if bid/ask accuracy is important to you. If you have a Rithmic based broker then they are also very accurate and fast.
CTS data is about $1 more per round trip than 'free' broker feeds, but IQFeed is a flat monthly rate. Depending on your trading volume, this difference in rate structure could affect your bottom line.
I use Velocity Futures with TT feed, and the ES commission is $3.62 round trip. The TT data is fast and reliable for trade execution, but terrible for bid/ask studies. Combine it with IQFeed for data and you have a great combination.
It was asking Rithmic/Zenfire users to post whether they placed trades from Sierra Chart or from their broker's DOM.
Apparently SC was informed they would incur large fees since a supposed majority do not trade from Sierra, and SC is unable to verify this. Maybe they pulled it because of a misunderstanding.
Nothing has been imposed as far as additional fees.
If I have updates, I will inform you guys.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following 2 users say Thank You to mattz for this post:
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,785 since Jun 2009
Thanks: 32,313 given,
97,574
received
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.
Broker: deepdiscounttrader.com sierra chart/TT & Interactive Brokers
Trading: ES
Posts: 42 since Aug 2010
Thanks: 670 given,
30
received
Hi,
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 use DTN/IQFeed with Sierra Chart and I would also use DTN/IQFeed with other packages like Market Delta etc.
Hope this helps.
Prettig weekend
If it requires a uniform, it’s a worthless endeavor. - GC
The following user says Thank You to PTG1 for this post:
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.
) -- and this is coming from a guy who has a lifetime NT license.
