Volume Based Charts Request for HELP

[TinGull]

Oops...sorry. InvestorRT with dtniq feed.

[brownsfan019]

	Quote:	TinGull
	Here's what I had for the 500 volume setting...

Tin - yours is not nearly as exaggerated as mine, but you can see there where there are candles over the 500 setting. For a trader using VBC's like myself, that simply will not work.

Thank you for sharing.

[TinGull]

Right. I totally understand. Just thought Id share...no pun intended...

[brownsfan019]

	Quote:	PivotProfiler
	BrownsFan; Have you looked into Ensign Software yet?

Pivot - they are on the list as well, but right now Multi looks the best simply b/c you can easily move your Easy Language from TS into Multi. They have 'Easy Language Support/Importing' which obviously saves hours and hours of work... So, unless I see something that concerns me there, probably going with Multicharts and a IQFeed.net data feed into that.

[brownsfan019]

Here's another very important reason for my concern in case the entire picture is not clear (and for future readers of this thread):

When just ONE candle is off due to a charting error in how the VBC is handled, everything else you may use is now off - whether that be moving averages, indicators, other candles that then show up, etc.

For example - in looking at a TS chart side-by-side to a Multi chart, I was getting VERY different signals and setups throughout the ENTIRE day. It's amazing how just one little difference can alter the appearance of your chart dramatically.

EVERYTHING is off as soon as ONE candle is not correct. If you think trading is hard, try doing it with a chart that isn't being displayed the way you thought it was...

[cooter]

	Quote:	brownsfan019
	Here's another very important reason for my concern in case the entire picture is not clear (and for future readers of this thread): When just ONE candle is off due to a charting error in how the VBC is handled, everything else you may use is now off - whether that be moving averages, indicators, other candles that then show up, etc. For example - in looking at a TS chart side-by-side to a Multi chart, I was getting VERY different signals and setups throughout the ENTIRE day. It's amazing how just one little difference can alter the appearance of your chart dramatically. EVERYTHING is off as soon as ONE candle is not correct. If you think trading is hard, try doing it with a chart that isn't being displayed the way you thought it was...

If that's your concern, you really ought to give Ensign a second look. They've been there, done that on the Volume-Based charting issues, so hopefully they'll have mitigated your concerns already.

[bh_trade]

	Quote:	cooter
	Little stuff, like accurate charting, I suppose. So what exactly are you using TS for, may I ask?

Um, I use TS to actually trade futures for a living, not to worry about the relatively minor semantics of volume bar shortcomings. And yes, I have traded using volume bars, but I mainly use tick bars with Tick Delta as my volume indicator. Regardless, a price chart is a price chart.

[brownsfan019]

	Quote:	bh_trade
	Um, I use TS to actually trade futures for a living, not to worry about the relatively minor semantics of volume bar shortcomings. And yes, I have traded using volume bars, but I mainly use tick bars with Tick Delta as my volume indicator. Regardless, a price chart is a price chart.

bh - the 'shortcomings' you refer to are specific to TS. If you are using tick bars then this does look like a small thing. It'd be the same if you said your 233 tick chart is actually displaying 233-500 ticks each bar and you have no idea whether it will be 233 or up to 500 each bar. Would that impact your decision making? Could that possibly create scenarios where your setups either do not appear, appear to late, or appear when they should not?

If so, that's the issue at hand here. Just b/c you do not use them does not mean this is a non-issue. It's a non-issue to you and you are attempting to discredit the importance of this simply b/c you don't 'get it'. Like I said, if your tick bars were off by as much as 30%, you'd probably care then.

[momentom]

Browns, TS uses the volume from entire trades. If you are charting, say, 500V bars and the bar is up to 499, and the next trade is 127 contracts, you will get a 626V bar. They don't split trades.

If you want Easylanguage compatability and EXACT volume bars and don't mind a work in progress, have a look at MultiChats (Trading and Charting Software for FOREX, Stock, Future and Option Markets) . They are great people behind it. MC has some issues so I'd suggest you read their forum but you can port all your TS stuff over easily, take a 30day free trial and run it off your TradeStation data feed. MC supports about 10 other data feeds.

I use it, eSignal and TS and prefer MC. Still trying to wean myself of the other two.

[cooter]

	Quote:	brownsfan019
	bh - the 'shortcomings' you refer to are specific to TS. If you are using tick bars then this does look like a small thing. It'd be the same if you said your 233 tick chart is actually displaying 233-500 ticks each bar and you have no idea whether it will be 233 or up to 500 each bar. Would that impact your decision making? Could that possibly create scenarios where your setups either do not appear, appear to late, or appear when they should not? If so, that's the issue at hand here. Just b/c you do not use them does not mean this is a non-issue. It's a non-issue to you and you are attempting to discredit the importance of this simply b/c you don't 'get it'. Like I said, if your tick bars were off by as much as 30%, you'd probably care then.

Very well, put, Brownsfan019.

Did you get a chance to look at Ensign yet?