Alternative charting software for Interactive Brokers?

[maxinger]

Yes we have volume-based bars.

ok. let me evaluate.
Having problem connecting it to IB.
anyway I will uninstall and reinstall it again.

 

[MotiveWave]

ok. let me evaluate.
Having problem connecting it to IB.
anyway I will uninstall and reinstall it again.

Here's a video on connecting to IB: https://support.motivewave.com/videos/connecting-interactive-brokers/
Or the written instructions are here: https://support.motivewave.com/knowledge-base/interactive-brokers-connection/

 

[FutureTrader10]

What max just said is what I am doing here. This is a custom coded excel charting solution using VBA script and the sample excel worksheet (TwsDde.xls). TWS DDE for Excel API.

View attachment 214668

Here is the code for the script.
https://stackoverflow.com/questions/58369968/excel-vba-macro-edit
Good luck.

Can you draw Fibonacci retracement or trend line?

 

[Real Money]

Can you draw Fibonacci retracement or trend line?

The trend lines are just standard features available in MS Excel. Excel doesn't have fibs I don't think.

You can probably download chart add-ons for Excel that can do more advanced stuff.

I just chart really math heavy stuff with it because TWS has problems doing what I want.

The indicators in TWS get all messed up when you create complicated virtual securities. Things like synthetic indexes, spreads involving futures and indexes, rate and index spreads, etc.

You can do very heavy mathematics processing in Excel. Anything that the API can pull can be brought into the Excel worksheet (bid,ask,ask size, etc.) and it will chart clean.

It's not perfect, but useful enough for what I need it for. I have ThinkorSwim as well to chart spreads and synthetics.

For general charting, I would just get TDA ThinkorSwim and use TWS for execution and/or supplemental charts, monitoring, and the API.

 

[FutureTrader10]

Sierra Chart. Beats the others [that can connect to TWS], and cheaper.

Do you know the cost for Sierra Chart if use TWS data feed? Thanks!

 

[FutureTrader10]

The trend lines are just standard features available in MS Excel. Excel doesn't have fibs I don't think.

You can probably download chart add-ons for Excel that can do more advanced stuff.

I just chart really math heavy stuff with it because TWS has problems doing what I want.

The indicators in TWS get all messed up when you create complicated virtual securities. Things like synthetic indexes, spreads involving futures and indexes, rate and index spreads, etc.

You can do very heavy mathematics processing in Excel. Anything that the API can pull can be brought into the Excel worksheet (bid,ask,ask size, etc.) and it will chart clean.

It's not perfect, but useful enough for what I need it for. I have ThinkorSwim as well to chart spreads and synthetics.

For general charting, I would just get TDA ThinkorSwim and use TWS for execution and/or supplemental charts, monitoring, and the API.

Do you know the cost of ThinkorSwim if use TWS data feed? Thanks!

 

[FutureTrader10]

Ninjatrader, MotiveWave. You can connect your IB account.

It looks like that Ninjatrader is free if use TWS data feed, MotiveWave is no free, right?

 

[Real Money]

Do you know the cost of ThinkorSwim if use TWS data feed?

You can't use the IBKR data for ThinkorSwim. But, the fees for ThinkorSwim data are very low. I would say it is the best charting supplement to IBKR TWS for the price. Best value.

 

[Ates]

It looks like that Ninjatrader is free if use TWS data feed, MotiveWave is no free, right?

Yes MW is not free. If TWS data feed is enough for you, i would go for NT. I'm not sure if it's free if you want to trade.

 

[abotarga]

For general charting, I would just get TDA ThinkorSwim and use TWS for execution and/or supplemental charts, monitoring, and the API.

This is pretty much my strategy. I've never traded with TDA but I really like ThinkorSwim.

I've tried MotiveWave but I'm not a fan. ThinkorSwim is better, and it's free.