Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

AbeSmith

8/16/07 General Trade Log / Idea Sharing

By AbeSmith, in Traders Log

Recommended Posts

brownsfan019    17

brownsfan019
Posted
It's because folks haven't complained enough about the inaccuracy in their platforms.

 

Another charting software which has addressed this problem correctly is Ensign software, as noted in that other thread which was referenced.

 

Curious though, aren't you still able to use Multicharts with OEC data? Or are you stuck waiting on MC to apply the OEC API upgrade?

 

I'm stuck cooter until MC gets the OEC upgrade done. :sad:

Share this post

Link to post
Share on other sites

AbeSmith    10

AbeSmith
Posted
Abe,

From my look at them, the Sierra charts are what I call 'TradeStation' VBC's, which means that the volume threshold you set is more of an approximation. What I mean is that on your 1250 VBC, a couple things could be happening:

 

1) The actual amount of contracts traded in that candle are 1250 OR higher.

2) The amount of trades and contracts that is actually taking place is not what is being reported on the chart for some reason.

 

#1 occurs on some charting platforms, like TradeStation, where they do not break trades up to construct the candle. So if your setting is 1250 and when your candle is at 1249, if an order for 300 comes through, your candle is actually 1549 (1249 + 300). More info in this thread - http://www.traderslaboratory.com/forums/f32/volume-based-charts-request-for-help-1630.html

 

#2 is a little trickier, but in a nutshell, my 5000 VBC on Sierra isn't anywhere close to a 5000 VBC on Open ECry's charts. I tried to use an add-on that Kiwi in the Sierra chart forum designed, but it's not working in the sense of capping each candle at 5000 and then starting a new one. I have no idea what is going on behind the scenes, but when compared to the OEC chart, it's not even close.

 

I have now seen this at TradeStation and Sierra. I'm surprised that neither offers a workaround, but I guess constant volume charts are not significant enough for them to design the fix. As of now, MultiCharts still appears to offer one of the most comprehensive charting packages I have seen, which includes pure VBC's - whatever level you set your threshold at, that's where the candles start/end. No guessing.

 

Thanks Brownsfan. That is good to know. I'm seriously considering moving to Tradestation. I sent them an email to ask them some questions about their service. My current IB and Sierra Chart combo is not as good for active trading as Tradestation and other platforms seem to be.

Share this post

Link to post
Share on other sites

brownsfan019    17

brownsfan019
Posted

Just keep in mind Abe that if you go to TS and plan to use VBC's, they will not be accurate at all. See the thread I referenced earlier about this. It's important you understand that if you plan to use VBC's in your trading.

Share this post

Link to post
Share on other sites

AbeSmith    10

AbeSmith
Posted
Just keep in mind Abe that if you go to TS and plan to use VBC's, they will not be accurate at all. See the thread I referenced earlier about this. It's important you understand that if you plan to use VBC's in your trading.

 

Thanks Brownsfan. That's a serious issue with Tradestation. I'm still waiting for a reply to my email to Tradestation and then I will ask them about this problem and direct them to the thread you opened.

 

It is frustrating that they have not fixed it. I'm not a programmer but it seems simple enough to fix. I like to know what their response is. Sometimes these things take time to get through the red tape, unfortunately.

Share this post

Link to post
Share on other sites

brownsfan019    17

brownsfan019
Posted
Thanks Brownsfan. That's a serious issue with Tradestation. I'm still waiting for a reply to my email to Tradestation and then I will ask them about this problem and direct them to the thread you opened.

 

It is frustrating that they have not fixed it. I'm not a programmer but it seems simple enough to fix. I like to know what their response is. Sometimes these things take time to get through the red tape, unfortunately.

 

See what you can find out. When I was there, I went through many levels of customer service and programmers and was finally told that 'that's the way we do it'. So, I no longer conduct business there.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing

  • Topics

  • Posts

    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • analyst75
      At 45, is it a right choice to migrate to Canada?

      By analyst75 · Posted

      It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • analyst75
      Use ChatGPT? Protect Yourself Now

      By analyst75 · Posted

      This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept