Volume Bar Charts

[funnyguy]

Quote from bwolinsky:... especially dump any app that's not multicharts right now.

Thanks for laughs, BTW.

 

[bwolinsky]

Quote from funnyguy:

@bwolinsky, What is accurate? Show a chart of ES e-mini 100V or 1000V or whatever.

E-signal and Barchart are the only ones that calculate it correctly.

 

[austinp]

Quote from bwolinsky:

Multicharts with E-signal or Barchart, are the applications you should be using to develop trading systems, since those two data vendors are the only ones that have accurate constant volume bar charts.

the OP did not specify anything about writing systems... for all we know, just wants historical data for discretionary trades backward research

Ninja charts are excellent on volume-bar settings... if you know how to trade it's simple and if you dont it's impossible. Has nothing to do with the frog-hair splitting on charts data to the nnnnnnnnnth degrees.

 

[bwolinsky]

Quote from funnyguy:

@bwolinsky, What is accurate? Show a chart of ES e-mini 100V or 1000V or whatever.

Accuracy is accuracy. Those two vendors are the only ones that do it correctly. A tradestation volume chart is crap. Pure crap, and the other datasets I've seen show E-signal and Barchart to be significantly more accurate because other vendors disregard the true sequence of the volume, where if multiple contracts were filled other vendors will not segregate the trade marking the breakpoint, whereas E-signal and Barchart do.

It makes a huge difference, and if someone is going to use volume charts, it must be from e-signal which is what I use but you can also use barchart. I also think multicharts is by far a superior platform to tradestation and nt.

 

[bwolinsky]

Quote from austinp:

the OP did not specify anything about writing systems... for all we know, just wants historical data for discretionary trades backward research

Ninja charts are excellent on volume-bar settings... if you know how to trade it's simple and if you dont it's impossible. Has nothing to do with the frog-hair splitting on charts data to the nnnnnnnnnth degrees.

If it's not e-signal or barchart, you can't expect to get better results using volume charts from any other vendor.

Attention to detail is important, but no matter how much you pay attention to detail, it's useless if you don't even do your due dilligence about data vendors, and this is it.

BTW, it's obvious he wants the data for strategy backtesting.

 

[funnyguy]

You are repeating yourself. What does it mean. Show an example.

Esignal is a data vendor. So you can use their tick data to show volume bars in whatever software. Or do you mean Esignal chart software? What do you mean by accurate? Otherwise your claim makes no sense.

 

[funnyguy]

Quote from bwolinsky:

Accuracy is accuracy. Those two vendors are the only ones that do it correctly. A tradestation volume chart is crap. Pure crap, and the other datasets I've seen show E-signal and Barchart to be significantly more accurate because other vendors disregard the true sequence of the volume, where if multiple contracts were filled other vendors will not segregate the trade marking the breakpoint, whereas E-signal and Barchart do.

Most software vendors offer Esignal or Barchart to get data from. I don't use TS or NT. And MC is too slow.

Still show me/us an example about accuracy.

 

[NinjaTrader_Ray]

Kinetick, Zen-Fire, CQG are all unfiltered feeds that record and server historical tick volume in the correct order received by the exchange thus, accurate historical data that would then create volume bars.

 

[funnyguy]

Kinetick is DTN IQFeed just a different name because it's NT.

 

[funnyguy]

Quote from NinjaTrader_Ray:

Zenfire, CQG are all unfiltered feeds

Quote regarding NT's so caleld CQG feed.

the CQG/AMP setup reveals that the data is not the same as the real top CQG data feed. The data seems to come from a company called Interactive Data. http://www.interactivedata.com/inde...es/content/id/Trading+Infrastructure+Services

I have no clue why a top company like CQG puts their name on some other datafeed. Also it showed that compared to DTN/IQFeeed AND the real CQG feed the data that is coming from AMP/CQG is missing ticks.

Quote regarding Zenfire

I dropped the zenfire datafeed, because it was giving me incorrect bid/ask data. I'm on DTN/IQfeed. I don't consider Zenfire a good enough datafeed for my charts. It is just a rebranding of the Rithmic datafeed but then worse. Zenfire is only a marketing name, in fact Zenfire as such doesn't exist.

and

Zenfire : Like I said there is no zenfire, it's the Rithmic datafeed. About your remarks for the tick data, it's basicly impossible to do it correct on ninjatrader due to the weird way they handle and store the incoming tick data. It's an issue they promised to fix in 7 but postponed it, with some luck it will be there in 7.5 or 8, meaning X-years, and probably a few thousand beta versions.

Zenfire is good for an ordering datafeed, just like TT is. But not for charting. Those who use zenfire for charting must understand they will have errors/gaps-missing data/false data and especially wrong bid/ask tick data.

http://www.mypivots.com/board/topic/6392/2/ninja-trader-with-amp-brokerage