Wow -- the new MultiCharts beta is GREAT

[ProfLogic]

Quote from ljyoung:

The point of my request to ToTrade was to determine, in his opinion, how amenable the developers at MultiCharts were to suggestions from active (non-casual, if you will) traders. It is not immediately clear to me how you fit into the dynamic of this communication, but of course, this is America and you are quite free to say whatever you wish.

My question for you would be, what manner of matters do developers, in general, or more particularly the developers at MC, consider when constructing their list(s) of programming priorities? Could "active trader" input be one of those matters?

We all have opinions about what is or isn't important when it comes to trading/trading protocols. If we don't happen to agree, so what? Who cares? The developers are big boys well able to make decisions about the utility of a suggestion, and here utility is to be equated with making money for them.

I am singularly uninterested in getting involved with writing code even in the most peripheral of ways. Should it become necessary, I am well able to contact such professionals and let them go to it with an absolute minimum of personal endeavour. I thank you for that suggestion but in truth that thought had already crossed my mind.

So unless you have been appointed by ToTrade as his spokesperson or by MC as their "active trader" filter, let the free market dictate the priorities.

lj

I am a developer that has worked with MultiCharts for years and understand the way they focus on the creation of a professional tool that also works for the "active trader" like yourself.

I understand that we all focus on different methods and was simple explaining that diverting the focus of the developers isn't in the best interest of the overall product direction.

Those of us that want something specific to work inside their highly specialized product take it upon ourselves to employ outside professionals to create what we need to work inside that environment instead of wasting their time with fringe requests. We have learned, over time, to respect their time and determination because in the long run we all are better off with a better end product.

 

[ToTrade]

Quote from ljyoung:
My question for you would be, what manner of matters do developers, in general, or more particularly the developers at MC, consider when constructing their list(s) of programming priorities? Could "active trader" input be one of those matters?

In general, I guess this usually depends on the "demand" for the new feature. If a lot of people want it, it's priority goes up. If you are the only person requesting it, then it is probably slim that it will get done.

 

[ljyoung]

I am a developer that has worked with MultiCharts for years

'Nuff said.

lj

 

[ljyoung]

In general, I guess this usually depends on the "demand" for the new feature. If a lot of people want it, it's priority goes up. If you are the only person requesting it, then it is probably slim that it will get done.

Gracias. Je comprends your take.

lj

 

[Tums]

Quote from ljyoung:

Hey ToTrade,

You seem to be pretty familiar with MultiCharts (MC) and with others, reasonably impressed with what they have to offer. Do you think they would be open to the following suggestion:

Instead of having the software pick the Open on the first bar (candle or OHLC stick//tic or time fractal) of RTH, let the trader decide (beforehand preferably, so there isn't a bunch of diddling to do when RTH begins) what he/she wants to be the Open. As other posts of mine on this site have pointed out, I believe it is important (I don't know if it's critical) that the trader be given this option. There are several reasons for believing this but before blabbing on about said reasons, what do you think? Are the developers approachable? To date any software vendor I've approached is singularly disinterested in adding such an option.

TIA

lj

You don't need the developer to do this.

All you need is to set the trading hours to be charted.

e.g.
if you are making a 5 min chart of XYZ stock, which is trading in NY.

You can set the trading hour to begin at 9:00am, your chart will have a few empty bars until 9:30am.

If you set the trading hour to begin at 10:00am, your chart will begin at 10:00am, and you will miss the bars between 9:30 and 10:00am.

 

[ljyoung]

All you need is to set the trading hours to be charted.

.

In fact I have set the trading hours to be "RTH" only but for whatever reasons my software routinely "starts" the "RTH day" by selecting the last tic from the premarket. This however is only part of the problem. A second point is that the first tic o' the day for stocks with the NASDAQ as their primary exchange is rarely, if ever, the NOOP. Typically 2-10 tics precede the NOOP. Finally there is the very simple and unpleasant reality that as often as not, the NOOP and the "First Consolidated Trade" from the NYSE/AMEX crew are not the same. So which is the "correct" Opening Price for a stock with NASDAQ as its primary exchange? The one from the NASDAQ or the FCT?

We are getting off topic for this thread and so I will cease and desist with any further babble, but will at some point in the not too distant future, initiate a thread having to do with the question of who sets the OP?

lj

 

[WD40]

only if MultiCharts has individual chart windows (like QuoteTracker) then it would be a truely amazing program.

 

[ljyoung]

Quote from WD40:

only if MultiCharts has individual chart windows (like QuoteTracker) then it would be a truely amazing program.

Me like QT too. At $7/mo, it is a rather good buy. The gauntlet has been tossed.

lj

 

[Andrew Kirillov]

Quote from WD40:

only if MultiCharts has individual chart windows (like QuoteTracker) then it would be a truely amazing program.

What do you mean by individual windows? Do you mean detachable windows? Could you send a screenshot?

 

[WD40]

Quote from Andrew Kirillov:

What do you mean by individual windows? Do you mean detachable windows? Could you send a screenshot?

you call it detachable windows? anyway you can see an example with QuoteTracker. This is the standard way to go now a days. Especially useful if you have multiple monitors, you can move the chart windows anywhere you want. With MC, if I want to move the chart to another monitor, I have to first close the chart in the first monitor, then open the chart again in another monitor. Of course you know what would happen with MC -- I get a pacing violation and MultiCharts hangs up for 15 minutes.