Quote from Joe Doaks:
"...the oreintation of those who sell platforms. they do not know how markets work nor do they provide complete high utility platforms."
Totally agree. I has taken me years of trial and error to get visually useful, computationally efficient representations of the tape, statistics on the tape, unconventional S/R, first and second derivatives of key parameters, and fast/reliable price inversion detection. Data providers seemingly conspire to keep feeding traders useless crap. Even the vaunted Bloomberg terminal is no exception. If retail traders keep using crap like MAs, stochs, RSI ad nauseum, they will never break out of the 95%/5% paradigm.
You are talking about service providers choosing the wrong mathematics.
Market data comes in a certain form and the rules of market operation are clearly defined.
This is a 100 millisecond to 10 millisecond world at the fastest trading level.
We SEE the smart money NOT able to do any time rate of change calculations on data flow.
Here are the big boys they see each other at work since they often do order placing that shows for some reason. Apparently they do not measure the gerunds of the order flow that shows.
Has any of the ET traders noticed when price changes in a market? I don't think so.
In the slow PVT trading the time between the indicator signal and the variable traded moving is about 1 and 1/2 hours. Agility is not required.
This means a PVT trader has time to do whatever he wants. Lunch for example.
