Net Change (CQG vs others)

[mervyn]

I realized this long ago but it started to bother me recently.

CQG net change is calculated using day open minus the current price to display the net change price. While many others are using prior day closing price minus the current price. In a large move day like today, every quote is red but CQG quote is green.

Any though?

 

[Overnight]

Operator error? The LTP (Last Traded Price) is what it is?

 

[mervyn]

Last traded price was 5085.25/5085.50. With CQG the net change is up 5.75 in green while TradeStation is down 22.75 in red. All in default settings.

 

[SunTrader]

I realized this long ago but it started to bother me recently.

CQG net change is calculated using day open minus the current price to display the net change price. While many others are using prior day closing price minus the current price. In a large move day like today, every quote is red but CQG quote is green.

Any though?

I have a TradeStation indicator to do just that.

The close matters only on the day of.

Once trading re-opens that day's opening price is what matters. What price does from the open is key. Yesterday's close is old news.

If price gaps down $5, but comes back to close $1 off sheeple (and the media) say it lost $1 that day. No it gained $4 and that is accumulation and support was found at the LOD.

 

[mervyn]

I have a TradeStation indicator to do just that.

The close matters only on the day of.

Once trading re-opens that day's opening price is what matters. What price does from the open is key. Yesterday's close is old news.

If price gaps down $5, but comes back to close $1 off sheeple (and the media) say it lost $1 that day. No it gained $4 and that is accumulation and support was found at the LOD.

the problem is that if you are looking at cqg quote now, it is just up 2.75 while every other screens are up 51 points.

there must be a way to sync the data.

 

[murray t turtle]

I have a TradeStation indicator to do just that.
The close matters only on the day of.

Once trading re-opens that day's opening price is what matters. What price does from the open is key. Yesterday's close is old news.

%%
Some use both, for good reasons.
I listen to media; but never would weight much, any talkin snake media.
WSJ uses weekly candle charts-MON-FRI;
IBD uses [old LOL] weekly close to close,FRi-FRI I use both of those also.