Yes you could set your charts up that way, but I never put my trade platform (order book) on the same PC as my charting (I use a stand alone separate box for my platforms....with nothing else running on it). I would have to set my LCD screen with my platforms just to the right of my charting to mimic the example you have......but all the charting features could be arranged as you have requested with Inv R/T.
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Charting software with market profile
- Thread starter Trader_Herry
- Start date
Yes you could set your charts up that way, but I never put my trade platform (order book) on the same PC as my charting (I use a stand alone separate box for my platforms....with nothing else running on it). I would have to set my LCD screen with my platforms just to the right of my charting to mimic the example you have......but all the charting features could be arranged as you have requested with Inv R/T.
Quote from 5Pillars:
They have an option with "IB" feed, but remember IB feed is "snapshot" data and is not prefered for using any of the "volume profile" charts.
correct me if i'm wrong...but i believe volume and price with IB feed are usually correct...but they bundle the ticks...so they feed faster...thus...instead of feeding you 5 ticks of 2 contracts they feed you 1 tick of 10 contracts...not 100% certain..but just a thought
When you bundle ticks together you loose resolution. It becomes impossible to correctly assign whether each trade occurred on the bid or the ask. To do this accurately requires a tick by tick data feed.
Quote from bundlemaker:
When you bundle ticks together you loose resolution. It becomes impossible to correctly assign whether each trade occurred on the bid or the ask. To do this accurately requires a tick by tick data feed.
That is what I thought and that makes a lot of sense to me....thanks for the clarification!
Quote from traderguy02:
correct me if i'm wrong...but i believe volume and price with IB feed are usually correct...but they bundle the ticks...so they feed faster...thus...instead of feeding you 5 ticks of 2 contracts they feed you 1 tick of 10 contracts...not 100% certain..but just a thought
But they don't show you all information made on each tick. Only last change of bundled ticks!