IB TWS Time and Sales

[jim2000]

I just downloaded the IB TWS demo and was playing around with it trying to set it up. I was having trouble with the T&S and wondered if anyone could give me some help.

Basically 2 things:

1. It seems that you can't change T&S to be either ascending or descending. The data populates the bottom of the window meaning i have to scroll down to see the latest prints.

2. Also, this data does not stream. You have to refresh it to get the new data.

Anyone here use IB TWS, and am I missing some configuration settings or something?

[ant]

Jim, I don't use IB TWS, but I will say that IB T&S is not accurate as they aggregate orders together to save bandwidth. For example, there may be two orders with bid size 10 and bid size 23, that could show up in T&S as one entry with bid size 33. So I wouldn't use it for trading since it is misleading. Perhaps others can chime in here if I am incorrect.

[stanlyd]

you will need to use a third party to correctly use the T&S. Ib just doesnt offer a good version of that feeature with TWS. I am not sure what you can use but I think their is a link on the IB website about third party software. Might want to look at that.

[Hot_Wings]

Never used that program. All i do is use the scottrade account that I have and the free scottrader set up that you can log into with a scottrade account.

In scottrader the time and sales window is great, it shows every order and scrolls. As the book "swing trading for maximum profit" says, "all some people need to do is watch the time and sales widow and the level 2 data to make profitable trades." How right he is.

[ptop]

If you use IB and want streaming time & sales use quotetracker http://quotetracker.com/index_nn.asp it has streaming time& sale and great charts and it if free and uses IB data.

Cheers

[OAC]

If you following several markets, you can have QuoteTracker run them as a ticker tape scrolling at the bottom of your screen just like you see on CNBC.

[wiseguy]

re: IB T&S. quite i see a double up of figures. i assume this is not how its shown on a proper data feed?




Also, are the volume readings with IB the same as a proper data feed? Afterall, i'm assuming IB gives 0.2 sec snapshots.

[Soultrader]

A snapshot will just plot the time of sale again. Which is why you are seeing a double print. This is not seperate transaction but the same one. I a similar problem when trying to view time of sale on excel through Reuters because all it does it takes a 1.0 sec snapshot.

Time of sale seems to be a lacking element in many data and platform vendors. Tradestation offered great time of sale but I do not have it anymore. I am looking into esignal data and charting to see if their TAS can be modified to filter out big lots like Tradestation.

[stanlyd]

Yes you can filter out larger lot orders in esignal the same way as tradestation. I use esignal and am very happy with the TAS.

[wiseguy]

Is it possible to bring up IB's T&S without having to open up the real-time charts?