NexusFi: Find Your Edge


Home Menu

 





Market Delta for MC


Discussion in EasyLanguage Programming

Updated
    1. trending_up 4,803 views
    2. thumb_up 3 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

Market Delta for MC

(login for full post details)
  #1 (permalink)
lax00
Australia
 
Posts: 1 since Apr 2011
Thanks Given: 0
Thanks Received: 0

Please see this thread for code for a Market Delta indicator:

multicharts. com
/discussion/viewtopic.php?t=2380

With a couple of little adjustments I was able to get it to compile and run, however it does not display correct data... trade volume is sometimes added to the wrong column (buys in the sell volume and vice versa).

Hunting around, I came across this as a likely reason:

"TS & MC are not the best platforms for this type of work. In a nutshell the mechanisms they use to get bid and ask (insidebid,insideask) do not return the data synchronously. They return the current bid and ask not the value that occurred at the time of the tick that you are processing."

Can this issue be resolved with the enhancements in MC7? Also forgive my ignorance, but surely the trade tick information says if the trade was a buy or a sell?

Final problem... I want to use this on a tick chart (say 1500 ticks), but sometimes the most recent bar is drawn on top of the prior bar for part of the 1500 ticks before being drawn in the correct position , and sometimes a whole bar is left empty with no volume deltas drawn.

Any assistance or thoughts apreciated!

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Request for MACD with option to use different MAs for fa …
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Trader Dale [email protected] or Scammer Dale
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Tao te Trade: way of the WLD
30 thanks
Supertradersams Thread Journal on NQ/MNQ
25 thanks
Deaddogs Stock Trading
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
Daytrading ES & NQ
13 thanks

(login for full post details)
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Posts: 50,234 since Jun 2009
Thanks Given: 33,106
Thanks Received: 101,351


Hmm. I am using cumulative delta volume on MC7 and compared it to Sierra Chart and Investor/RT and the results were identical. Those platforms have known-good calculations, so I feel the method for determining bid ask volume is working correctly in MC7

You might check here:


Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor


For the best trading education, watch our webinars
Searching for trading reviews? Review this list


Lifetime Elite Membership: Sign-up for only $149 USD
Receive exclusive offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:





Last Updated on July 28, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts