Today's Low & Mapped Lists in Trade Station

[UrmaBlume 10]

Today's low in the ES was established at 0707 - 0708 PST. From this low at 928.00 the market rallied to a high of 942.00 on a low volume day.

 

The EL collections and the All Data Everywhere libraries in Trade Station allow us to post information from a variety of time frames all on the same chart.

 

The first chart below shows an accumulation of "Buying Pressure" that began some minutes before the low at 0707. This information was posted from a 1 minute chart to this 1k chart which makes, on average, 5 bars for every 1 minute.

 

The second chart is a spike in a multi-faceted indicator that we say has mostly to do with the intensity of trade.

 

It's nice when they confirm each other.

 

I make this post not so much as to brag that we found a low but to point out some of the features of Trade Station.

 

cheers

 

 

 

[diablo272 10]

Thanks for sharing this. I've noticed in some of your posts you mention this Trade Intensity idea, and I believe you may have created an indicator for it (I could be wrong about that). What is trade intensity by your definition? Is it something like volume or ticks per x amount of time? If so...I can see how something like that would be useful, because it's something that you can see if you're watching live price movement, but it can be much harder to notice if you're looking at historical data, or even price action that happened only minutes ago. I realize this may be a secret, so I understand if you don't want to answer. Thanks.

 

Also: forgive me if the trade intensity thing is a very common indicator...I don't have a lot of experience with many indicators. I searched on Google briefly and couldn't find anything about it, though.

 

And yes, the multi timeframe capability in TS seems quite nice, and it's something I hope Ninja implements soon, because I'd love to try it out.

[UrmaBlume 10]

Diablo272,

 

Thank you for the kind words. There is much more to the calculation of our measure of the intensity of trade than just time vs volume. Several of my previous posts on the subject mention some of the additional imputs/filters.

 

As to the ability to calulate, optimize and backtest such ideas - that depends on how you store and retreive your historical transaction data.

 

As to this indicator being quite common - if it were I would not have had to spend the time and money to develop it.

 

Also as to the multi time frame capability in TS it is much better in Ninja as the time stamps in ninja are miliseconds and the zen fire data carries micro second time stamps while Trade Station's time granularity is only down to the minute.

 

We are old-time Trade Station developers and use the Windows Kernel and our own dll's to overcome this lack of time granularity in TS.

 

cheers and best wishes with your efforts

[gooni 10]

For those that are interested to know, Zen-Fire does indeed carry microsecond timestamps in their feed. However, I believe the trades are sampled every 10 microseconds, as the difference between any two trades is either 0 or greater than 10 microseconds.

[UrmaBlume 10]

For those that are interested to know, Zen-Fire does indeed carry microsecond timestamps in their feed. However, I believe the trades are sampled every 10 microseconds, as the difference between any two trades is either 0 or greater than 10 microseconds.

 

We still operate in Trade Station even though Ninja & Zen Fire are free because of certain other issues with their data.

 

While I am not prepared to discuss those issues, I will say that I will be delighted when either those issues get resolved or Trade Station takes the granularity of their time stamp down a few levels.