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Hey FT, what form do these tools take? Are they integrated into the platform or are they a set of Easy Language indicators? Without a proper history it is just not viable of course. Do you know how they plan to offer the history? Hopefully it will be data feed independent and fully integrated with their database. MC could in fact be a great platform to compare data feeds when they deliver this. I already have stuff coded actually!!
As an aside I was messing about with R|thmic and MC (as I am testing Sierra anyway) MC seemed to grab a load of history so it seems like the main problem is sequencing stuff form backfill from the data feed and in the database. Actually I am not sure backfill will grab bid and ask stuff right now.
Anything else you can tell us about it? Are you comparing it against IRT/IQfeed. Have you looked at accuracy? Last i checked (v6.x) there where adefinately issues (with the easy language approach). If they have fixed stuff in 7 I for one will be delighted.
This is the one I'd really like to see work to be honest. Sierra is a great piece of software and appears to 'work out of the box' (much like IRT) but I have a load of time, experience, blood, sweat, tears etc. invested in MC. I really hope they don't drop the ball on this feature (like they did with volume profiles).
Can you help answer these questions from other members on NexusFi?
So far so good imo! My CD volume development discussions with MC has been very good and after testing their initial Cumulative Delta Volume tools for several days I am very encouraged. I told MC they should release current CD tools to public in "Beta" …
Here is I code I wrote some while back. All the code out there works pretty much the same way AND IS INACCURATE. I have describe the problem to any one that will listen (it is due to how InsideBid IndsideAsk work they return the current value rather than the value that was in force when the tick you are processing was received). Place the same indicator on Identical charts and it show different values on each. You can find a couple of threads discussing this at MC's forums and at TradersLaboratory.
Iqfeed implemented "tickid" recently as part of their data feed. I assume the MC dll update integrates this change and solves the problem you mentioned.
Maybe but I am not quite sure how? Perhaps they have changed how the two functions I mentioned worked? I don't think so all the file they have released seems to include is an updated datafeed DLL for IQfeed. I wouldn't know to be honest as yet they have not acknowledged it is a problem.
I will wrap up testing of the MC Cumulative Delta Tools with access to DTN.IQ feed historical data on Monday or Tuesday, and then I will provide MC with my findings (so far so good).
MC....thank you for stepping up to the plate and taking the big SWING!
That alone does not do the job. I think they are only just beginning to fully understand the problem. I am discussing it with them in the forum (yet again)