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T&S window - up and down tick option
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Originally posted by NinjaTrader_JC View PostHello JoshDance,
Could you please clarify what you mean by upticks and downticks? Are you referring to the number of ticks above/below the ask/bid price?
Happy to be of further assistance.
Example:
1396.25
1396.50 (buy)
1396.50 (buy)
1396.25 (sell)
1396.00 (sell)
1396.00 (sell)
1395.75 (sell)
1396.00 (buy)
1396.00 (buy)
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I have highlighted fallacies in your assumptions.
You are assuming the BID/ASK did NOT move.
That could even apply to your other mentioned trades, in which I'd have to highlight everything.
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edit: below
==========================
ThinkorSwim does this well in their T&S ... just green/red.
NT had a whole crap load of more options in their T&S than ToS.
Originally posted by JoshDance View PostIf the last trade caused the last price traded to increase (tick up), it is counted as buy volume. If the last trade caused the last price traded to decrease (tick down), it is counted as sell volume. If the last trade did not cause a change in price, it is counted as the same type of volume as the last type of volume counted.
Example:
1396.25
1396.50 (buy)
1396.50 (buy)
1396.25 (sell)
1396.00 (sell)
1396.00 (sell)
1395.75 (sell)
1396.00 (buy)
1396.00 (buy)
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Originally posted by sledge View PostI have highlighted fallacies in your assumptions.
You are assuming the BID/ASK did NOT move.
That could even apply to your other mentioned trades, in which I'd have to highlight everything.
Attached is an example (using unfiltered IQFeed) of tonight's transactions. 98 trades at the offer, and then at the bid. But calculating using uptick/downtick instead of bid/ask, all 1398s here would be coded green. Perhaps you were confused as in my example, the order of transactions begins at the top, and ends at the bottom, whereas a T&S will usually show newer transactions at the top.
Apparently you don't understand the concept, and I'd recommend that you educate yourself about how uptick and downtick calculation works before such reply filled with so many fallacies.Last edited by JoshDance; 08-12-2012, 10:42 PM.
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By the way guys...
If you are looking for a practical reason for a motivation to do this, here is one.
For people who use a good data feed like IQFeed/Kinetick/Rithmic, the bid/ask data is quite good and accurate across the board. However, for people who have a data feed like TT, which is great for order routing and is very fast, but has absolute crap for bid/ask accuracy, then an up/down option is ideal. It will yield similar results regardless of the data feed, as long as the incoming ticks are in a somewhat consistent order (which they are for TT / IQFeed, for example).
A lot of people are aware of this option when using cumulative delta studies, and some software already offers up/down option on the T&S. Furthermore, there are quite a few people who find the up/downtick calculation to be a much better indication of real buying or selling pressure.
Thanks for considering it, I hope you will get this in; the code should be quite easy, something like:
Code:color = upcolor if (current transaction price > prior transaction price) color = upcolor else if (current transaction price < prior transaction price) color = downcolor else // do nothing, color stays the same if price is equal to last price
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Ninjatrader support, I appeal to you.
I support the request of adding the option to calculate bid\ask as uptick\downtick in T&S. I also find this type of calculation bid\ask better. I use CQG datafeed and cluster chart with delta uptick\downtick (not just bid\ask). Please add this option in your futher versions of Ninjatrader or at least suggest this to your leaders. Let me know what is your position about this?Last edited by Aleksander#2; 09-28-2012, 08:04 AM.
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Hello Aleksander#2,
Thank you for your suggestion on how we can improve our product. I will submit this suggestion for the enhancement of NinjaTrader to our product development team to be consideration for a future NinjaTrader release. We at NinjaTrader highly value the suggestions of users. Once I get a unique tracking ID for this request I will send it to you.
Let us know if we can be of further assistance.JCNinjaTrader Customer Service
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