Help with TS Bid & Ask Indicator Please!

hunter1 · #1 09-25-2008, 11:37 AM

I have no ability to code so I need to ask for help from some one to modify the bid ask indicator for Trade Station. This is what I am looking to do.

Currently when used as a histogram you end up with a blue bar with a yellow Q-tip top. What I would like to see is the totla bid and ask trader per bar.

For example using a 200 tick chart you will get a bar showing the totla combined bid ask the traded. I would like to get the bar divided into its component parts. So I could see 500 trades at the ask and 300 at the bid for example. I hope this makes sense .

Right now you can tell the bid is coming in as it is happening for long trades but you must wait a bar to see if the bid fell off for short trades.

Thanks for any help in advance.

daedalus · #2 09-25-2008, 12:44 PM

Doesn't it already do that if you click on each individual bar? It will tell you Up Vol and Down Vol...?

hunter1 · #3 09-25-2008, 01:14 PM

No ,at least the my bid ask indicator doesn't. If it did I would think it would easier to get the bars to display it via color.
You can get up and down volume when you click on a bar but what I am looking for is an indicator that will give trades at the ask and trades at the bid.For example , when a long is done a market order will go at the ask and a limit order at the bid. So knowing the up and down volume will not provide the same information and knowing what occured at the bid and the ask.

nickm001 · #4 09-25-2008, 03:45 PM

insidebid/insideask are snapshoot of the RT market values and as such cannot be trusted. They are NOT updated on tick bases on the charts, only in matrix and T&S window, but ufortunatelly those are not accessible via EL code. This is a limitation of TS data feed and as far as I know, they have no plans to correct it soon.

hunter1 · #5 09-25-2008, 06:31 PM

Thanks Nick. I understand what you are saying and it would be better to get data from the matrix. However for my purposes the bid/ask indicator is providing the information I need. When plotted in histogram it is charting the bid pressure for lack of a better explanation. In line form the indicator provides a bid ask channel. In histogram from you always end up with a yellow Q'tip because ask is on top. The indicator is following the bid and ask however when put in histogram the bid overlaps the ask.

I am hoping someone can code the indicator so that this overlap does not occur so i can see the total ask as well as the total bid. I would imagine it would be similar to WalterW's Tick Delta in look.

Perhaps someone can apply to the bid/ask the the same or similar changes he made to a volume indicator.

thrunner · #6 10-02-2008, 04:49 PM

http://www.traderslaboratory.com/for...ation-516.html

Market Delta is 3rd party software that provides interesting ways of viewing bid/ask information. This information could be useful for analyzing market behavior as price approaches a key support/resistance level.

For those that use TradeStation, I have created a simulation of Market Delta. Note that TradeStation provides a snapshot of the bid/ask so it won't be accurate most of the time. Therefore, I have provided an option in this analysis technique to use upticks and downticks instead. Although the bid/ask info is not completely accurate in TradeStation, you can determine whether it is good enough or if using upticks/downticks is preferred. This Market Delta indicator defaults to using upticks/downticks, which I find useful. For example, in the first chart below, a downswing is highlighted in the ES on 8/29. In the second chart, you can see that the simulation of Market Delta using upticks/downticks highlighted the net selling.