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Cumulative Delta, Bid/Ask with Sierra Charting package?


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Cumulative Delta, Bid/Ask with Sierra Charting package?

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  #1 (permalink)
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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

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hector24 View Post
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

just keep in mind with nt 8 you'll have historical data. also in the meantime you could use that excellent gomi stuff and record the data.

and not to forget: ninja trader - the discretionary trader's platform, makes the others seem like silly little toys

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Silvester17 View Post
just keep in mind with nt 8 you'll have historical data. also in the meantime you could use that excellent gomi stuff and record the data.

and not to forget: ninja trader - the discretionary trader's platform, makes the others seem like silly little toys

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

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  #4 (permalink)
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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.

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Big Mike View Post
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.

Mike

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.

Thanks,
Hector

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hector24 View Post
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.

Thanks,
Hector

I believe package 3 is all that is needed.

No idea of backfill is available or supported with CQG.

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Big Mike View Post
I believe package 3 is all that is needed.

No idea of backfill is available or supported with CQG.

Mike

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.

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Big Mike View Post
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.

Mike

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.

Once again Thanks.

Thanks
Hector

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hector24 View Post
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.

Once again Thanks.

Thanks
Hector

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hector24 View Post
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

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.

https://www.sierrachart.com/index.php?l=doc/SupportedDataAndTradingServices.php

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josh View Post
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.

Sierra Chart - Supported Data and Trading Services

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.

Thanks
Hector

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hector24 View Post
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.

Thanks
Hector

Your hopes:

"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.


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hector24 View Post
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.

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.

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josh View Post
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.

According to the Sierra website, Optimus Futures is the only Rithmic broker that offers historical bid/ask data.
Sierra Chart - Rithmic Platform Service

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.

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If you are thinking of changing to a Rithmic/Zenfire broker to use Sierra Chart, you'll want to be aware of this:

https://www.sierrachart.com/index.php?page=doc/error.php

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tomgilb View Post
If you are thinking of changing to a Rithmic/Zenfire broker to use Sierra Chart, you'll want to be aware of this:

https://www.sierrachart.com/index.php?page=doc/error.php

Thanks Tom, I am going to check it out.

Thanks
Hector

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Tom would you mind re-posting that as its own thread here? I think it deserves more attention.

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Sierra deleted the thread?

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Big Mike View Post
Sierra deleted the thread?

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Looks like it, I had read it too, now it is gone.

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Big Mike View Post
Sierra deleted the thread?

Mike

Yes, they deleted the thread, for some reason.

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.

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tomgilb View Post
. 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

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tomgilb View Post
Yes, they deleted the thread, for some reason.

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.

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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Here's the latest from Optimus Futures. I guess things are worked out.

90 days of Free Sierra With Rithmic to New Customer

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  #24 (permalink)
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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 ?

Thanks

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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


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beursindex View Post
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 ?

Thanks

The TT data feed is fast and reliable for trade execution but wholly inadequate for bid/ask studies.

Try using the Cumulative Delta Bars- Up/Down Tick Volume study with the TT feed. It will be much closer to the zenfire feed's bid/ask.

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Can anyone share the experience of using Sierra Chart comparing to Marketdelta?

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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?

Thanks.

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futuretrader View 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?

Thanks.

I do not see anything like this built into SC. This page is the reference btw:

Sierra Chart - Technical Studies Reference

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.

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  #30 (permalink)
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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.


Here's an image:


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  #31 (permalink)
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I believe this is available under user contributed studies as DeltaMomentum.

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