Tried searching for pricesquawk.com in this forum and was surprised to find no thread dedicated to them. If anyone could pitch-in on whether they used/still use this in their trading, that would be much appreciated.
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I am in no way "affiliated" with PriceSquawk, this is just my opinion.
I just saw this thread now, so this may be a tad late but I think PriceSquawk deserves attention. I've been using it for the past week or so with the 14 day free trial, and I personally love it. You can set up volume alerts by size/amount, use trade sounds so that there's a particular sound for an uptick versus a downtick, and you can even customize settings to the point where the pitch changes for consecutive upticks (higher pitch sound) and vice versa. It's an excellent product and there's a lot more to it than what I mentioned. Seeing and hearingprice action is a different story.. I've always been hearing-oriented in my comprehension (or at least that's what I think), so it's great for me. But.. Admittedly, it can get annoying at times, and it is expensive. With that being said, it's worth trying it out for a couple of weeks at least. Right now, I'm considering purchasing it.
I've dedicated the past week or so to mostly watching the MES, and I've been listening to it with PriceSquawk as well. Obviously, like with all tools in trading, it won't solve all of your problems, but I will say this.. Breakouts become much more apparent. Using it in conjunction with a footprint and the tape, the market just screams at you to enter. Anyway, try it out for yourself if you haven't already. We all have different tastes.
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If you want a sample of what it's all about there are free real-time audio streams for crypto markets driven by pricesquawk available at cryptosquawk.pricesquawk.com (requires registration).
I used it on a trial basis and saw benefit in adding the audio component to monitoring order flow. That said, I find the service grossly overpriced for the functionality that is provided. If the pricing model were more in keeping with the functionality then potentially more traders would use it. It is priced as if it is a trading platform when, in reality, it is a small utility that augments other trading workflow .
One thing I think could be done better is delineation of the flow on different instruments, where one is monitoring cross-market activity.
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Pricing for trading products will always be relative to the value you can extract from them that adds to your bottom line.
If there was a product that cost $2K and added $4K to my monthly net income I would say it was cheap.
As another poster said above, this is a TOOL that assists you with your trading.
It is not a trading plan or a miracle cure to what may or may not lose you money.
If you have a plan that you wish to follow then this tool, like many others, should be evaluated on a personal, objective basis to see if it assists you execute that plan
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That is of course one dimension. Two others that have equal legitimacy are: 1) what is the price relative to the functionality provided and 2) what is the price relative to competitor offerings.
A trader's net performance will be informed by a spectrum of variables. Buying and using a tool may not, just by itself, be a causal factor in improving outcomes.
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PriceSquawk is providing a text-to-speech of the time & sales window. It works with a base underlying platform (i.e. NinjaTrader, Jigsaw daytradr or Sierra Chart). The web site shows a lifetime license costing $690 (in addition to what you may already have paid for that platform).
I recently made the transition from Ninjatrader to the Quantower platform. I paid $880 for a lifetime license, as part of their Black Friday promotion. For a price difference of $190 (compared to PriceSquawk) I get a fully featured trading platform (not just an add-on) that includes features such as what they term "Setup Actions" for the Time & Sales window. This has allowed me to add sound files to conditions that fire when a certain threshold of interest has been reached e.g. give me an audible alert if there is a trade above x contracts in size. https://help.quantower.com/analytics-panels/time-and-sales
Obviously, this isn't necessarily a viable option for someone who has already made a significant commitment to another platform and its ecosystem. However, hopefully it does illustrate there can be a different value proposition.
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