Welcome to the Traders Laboratory Forums.
Coding Forum Collaborate, receive help, or discuss coding related issues.

Reply
Old 07-01-2008, 10:07 PM   #1

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,370 Times in 491 Posts
Blog Entries: 4

Bid/Ask Indicator Similar to TradeFlow in CQG

Hi guys,

So Ive been using CQG for some time now and though most of you will say its PRICEY!....I have somehow become hooked to a point where I can not switch over to another platform. (maybe TS again)

There is a charting format called TimeFlow in CQG which is pretty much the same as the bid/ask indicator available on TL! but coloring the price bars instead of volume. The following illustration will show this.



The bar is color coded separating the percentage of volume traded at the ask price vs bid. Green = trades at the ask. Red = trades at the bid.


The width and the brightness of the colors reflect the relative total executed volume. Wide, brightly colored bars indicate heavy trading and thin, dark bars indicate low executed volume.

Here is a chart in action.



The question is, can anyone replicate this in tradestation? I say this because I am absolutely obsessed with this charting package and when I do go back to TS I need it. Its become an addiction to a point where I can no longer view candlesticks as green bars on a candlestick chart can actually appear weak in a TradeFlow chart.

Thanks!
Attached Thumbnails
Bid/Ask Indicator Similar to TradeFlow in CQG-tradeflow-bar-explanation-sample.png   Bid/Ask Indicator Similar to TradeFlow in CQG-ep.jpg  
__________________

Soultrader is offline  
Reply With Quote
Old 07-01-2008, 10:17 PM   #2
forsearch

Status: Guest
Posts: n/a
Ignore this user


Re: Bid/Ask Indicator Similar to TradeFlow in CQG

Doesn't Investor/RT and/or Market Delta have the same functionality in one of its indicators already?

I think the only difference are those small black bars in the CQG Tradeflow that I didn't see in I/RT's implementation.

Perhaps LS Chad could advise further here...

Another question would be...why are you thinking of going back to tradestation. Sort of like giving up a Mercedes-Benz and opting for a Ford instead, if you know what I mean.

-fs
 
Reply With Quote
Old 07-01-2008, 10:22 PM   #3

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,370 Times in 491 Posts
Blog Entries: 4

Re: Bid/Ask Indicator Similar to TradeFlow in CQG

Quote:
Originally Posted by forsearch »
Doesn't Investor/RT and/or Market Delta have the same functionality in one of its indicators already?

I think the only difference are those small black bars in the CQG Tradeflow that I didn't see in I/RT's implementation.

Perhaps LS Chad could advise further here...

Another question would be...why are you thinking of going back to tradestation. Sort of like giving up a Mercedes-Benz and opting for a Ford instead, if you know what I mean.

-fs
That... I cant quite disclose here. Just that I dont pay for CQG usage... a firm pays for it. I need something at home for OSE and CME data only.
__________________

Soultrader is offline  
Reply With Quote
Old 07-02-2008, 03:54 AM   #4

Trader333's Avatar

Join Date: May 2008
Location: UK
Posts: 153
Ignore this user

Thanks: 79
Thanked 24 Times in 20 Posts

Re: Bid/Ask Indicator Similar to TradeFlow in CQG

As an alternative have you considered checking yourself into rehab to treat this addiction ?


Paul
Trader333 is offline  
Reply With Quote
Old 07-02-2008, 05:33 AM   #5

BlowFish's Avatar

Join Date: Mar 2007
Location: In Da House
Posts: 3,292
Ignore this user

Thanks: 129
Thanked 1,054 Times in 702 Posts

Re: Bid/Ask Indicator Similar to TradeFlow in CQG

I don't believe TS can vary a bars width bar by bar (though may be wrong). Ninjatrader I believe has some sort of custom bar plot but I couldn't tell you whether you can vary the width easily. Might be worth investigation.


Do you really think it improves your trading compared to say just looking at price and volume? I guess the answer must be yes or is it your addiction clouding your mind It definitely gives you another layer of information I just wonder how useful you really find it?
BlowFish is offline  
Reply With Quote
Old 07-02-2008, 06:55 AM   #6

Blu-Ray's Avatar

Join Date: Nov 2006
Location: England
Posts: 508
Ignore this user

Thanks: 164
Thanked 292 Times in 105 Posts

Re: Bid/Ask Indicator Similar to TradeFlow in CQG

BlowFish is right, you can't adjust the width of the bars, but here's one I've just knocked up, would something like this be up your street ?



Cheers

Blu-Ray
Attached Thumbnails
Bid/Ask Indicator Similar to TradeFlow in CQG-tradeflow.png  
__________________

“ Search is the ultimate expression of the power of the individual, using a computer, looking at the world, and finding exactly what they want ” – Eric Schmidt, Google
Blu-Ray is offline  
Reply With Quote
The Following User Says Thank You to Blu-Ray For This Useful Post:
khagans (10-02-2008)
Old 07-02-2008, 07:01 AM   #7

BlowFish's Avatar

Join Date: Mar 2007
Location: In Da House
Posts: 3,292
Ignore this user

Thanks: 129
Thanked 1,054 Times in 702 Posts

Re: Bid/Ask Indicator Similar to TradeFlow in CQG

You sure it wasn't "one you prepared earlier". Looks good BR. I wonder if you could get something good going with the different intensity of colours (i.e. a nice spread of brightnesses) whether that would suffice.

I guess an alternative would be filled rectangles (drawn objects) but messy to keep track of I guess.
BlowFish is offline  
Reply With Quote
Old 07-02-2008, 07:12 AM   #8

Blu-Ray's Avatar

Join Date: Nov 2006
Location: England
Posts: 508
Ignore this user

Thanks: 164
Thanked 292 Times in 105 Posts

Re: Bid/Ask Indicator Similar to TradeFlow in CQG

Quote:
Originally Posted by BlowFish »
You sure it wasn't "one you prepared earlier". Looks good BR. I wonder if you could get something good going with the different intensity of colours (i.e. a nice spread of brightnesses) whether that would suffice.

I guess an alternative would be filled rectangles (drawn objects) but messy to keep track of I guess.
LOL..... I'm Blu-Ray............. not Blue Peter


Yes, it would be possible to varify the colors a bit more, might get a bit cluttered though.
__________________

“ Search is the ultimate expression of the power of the individual, using a computer, looking at the world, and finding exactly what they want ” – Eric Schmidt, Google
Blu-Ray is offline  
Reply With Quote

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bid/ask Indicator? theman Coding Forum 6 05-30-2008 07:32 AM
Can someone recommend me a liquid CME Globex contract similar to CL in trading? The Bear Futures Trading Laboratory 3 01-27-2008 12:40 PM
Which indicator is the best one to use? Michael Stock Trading Laboratory 5 01-26-2008 11:30 AM

All times are GMT -4. The time now is 11:50 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.