I've been trading live for 2 years now. I've been with thinkorswim for about a year and haven't had hardly any issues.
I've noticed lag but I don't feel it's hindered my trading. I used to scalp gold but now I only make a handful of trades each week (right now, mostly currency and index futures). visit my journal if you get a moment!
Favorite Futures: Stock, Options and now Futures (ES)
Posts: 514 since Dec 2010
Thanks: 227 given,
For those trading futures with TOS, are you using the NYSE cumulative tick? I think I got it here, a 5 min chart for the day. If there is a "better" way in your opinion to depict this data, please share. I had not previously used this information before, but I clearly see its value... Thanks.
With respect to TOS data, can this be relied upon?
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That's perfect and I've compared with other traders and we're getting the same information.
Here's an indicator that plots a dot on your normal chart whenever tick hits a certain level.
If you wanted to you could load three of the scripts and have 800, 1000, 1200 ticks with each on
a different color. I don't but I'm just saying. Pretty cool...
This is from Prospectus, a talented programmer IMO.
# Tick Fade Indicator
# By Prospectus @ Read the Prospectus
# This indicator paints a dot if the NYSE tick for the
# current chart timeperiod breaches a threshold value.
# Define how you want the value plotted. I chose 30% of
# bar range, plotted that distance above the high/low:
def range = high – low;
# Input the threshold values you are watching:
# Now reference the high / low of corresponding bar
# for the NYSE tick:
def hi = high("$TICK");
def lo = low("$TICK");
# Define the plots:
plot lowtick=if lo<=lThreshold then low-plotter else na;
plot hightick=if hi>=uThreshold then high+plotter else na;
The following 2 users say Thank You to Massive l for this post:
Thanks Mike for starting this thread. TOS is my main plateform for charting thou I get delayed data. I found their charting is the best with many free indicators. I tried to open options and futures acct recently but commissions were not negotiable (after merging with Aneritrade).
I have a request, if one of our talented traders, figure out how to build an indicator (or modify current Pivot Points indicator) to add mid points? It will be helpful. Thanks much.