Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Bid/Ask Indicator Similar to TradeFlow in CQG

Recommended Posts

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.

 

attachment.php?attachmentid=7218&stc=1&d=1214964268

 

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.

 

attachment.php?attachmentid=7219&stc=1&d=1214964394

 

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!

Share this post


Link to post
Share on other sites
Guest 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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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?

Share this post


Link to post
Share on other sites

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 ?

 

attachment.php?attachmentid=7222&stc=1&d=1214995724

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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 :o

 

 

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

Share this post


Link to post
Share on other sites
LOL..... I'm Blu-Ray............. not Blue Peter :o

 

 

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

 

I have a code snipet from a 'footprint' chart that someone did over at multicharts. It does an x period average and then colours depending on how far above/below average the datum is. I think it has 5 or so intensities of colour. I seem to recall it's all automatic, I can have a search for it if you are interested. Actually just colouring bars/candles based on volume might be interesting.

Share this post


Link to post
Share on other sites
omg blu ray. You ARE the MAN! I care less about the width as I prefer to just read the volume panel. Is this coded in .ELD? If so, would you mind posting it? Thank you!

 

Of course I don't mind...... sharing is the key here....... when inserting it onto your chart, you'll have to format the symbol and change it from "subgraph 1" to "hidden."

 

Just to make things a little more interesting, I've also added a tick delta style input, so it would place the higher of the 2 volumes at the top ( see pic ) .......... time will tell if you find it useful or not I suppose.

 

attachment.php?attachmentid=7224&stc=1&d=1215003338

 

Cheers

 

Blu-Ray

 

ps : this could be modified with additional colors as per Blowfish's post if you desired.

Share this post


Link to post
Share on other sites
I have a code snipet from a 'footprint' chart that someone did over at multicharts. It does an x period average and then colours depending on how far above/below average the datum is. I think it has 5 or so intensities of colour. I seem to recall it's all automatic, I can have a search for it if you are interested. Actually just colouring bars/candles based on volume might be interesting.

 

Yes please Blowfish, if you don't mind.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

Heres the complete routine .txt I'm afariad as I seem to have misplaced the original and I don't think multicharts exports .eld

 

 

I include the whole indicator as there are several neat ideas in there.

 

Cheers.

Share this post


Link to post
Share on other sites
HI Blu Ray,

 

Is it possible to have it so that the green is always at the bottom? The bid ask coloring is split by ratio? Thanks

 

Yes it already is, the color green is at the bottom.... all I've done is added an input which you can choose true/false as to whether you wanted it tick delta style.

 

The bid/ask is split by percentage ratio.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

Wow I have not swung by the MC forums for a while as I have been using Ninja + Zenfire, then i notice that your charts are being driven by .......Zenfire. That deserves a small woot and might get me using MC again.

Share this post


Link to post
Share on other sites

@BlowFish

 

I try to compare ZENFIRE vs. TS and eSignal as a datafeed. Here are my results from yesterday :

 

1st indicator :

 

ticks counts

 

2nd indicator :

 

red = tickdiff ZENFIRE/TRADESTATION

blue = tickdiff ZENFIRE/eSIGNAL

cyan = tickdiff TRADESTATION/eSIGNAL

 

I will compare more feeds against ZENFIRE (like TT, DTNIQ and so on. ...). The results from yesterday show you that TradeStation delivered 100ticks less then ZENFIRE. It's not the difference it's the spikes because Tradestation feed is very slow in busy market action. Slower then ZENFIRE and eSignal. That's the main problem !!!

 

Regards.

 

Mike

Share this post


Link to post
Share on other sites

Well I had a little try getting it going this morning but no joy seems to connect but not download data. I am with mirus rather than amp wonder if thats the issue? Maybe I'll call support tomorrow...doubt if I will be trading beeing a US holiday.

 

Blu did you take a look at the gradient stuff? Some quite neat code in there.

Share this post


Link to post
Share on other sites

TickData - Research ... EOD 20080703

 

Results prepared realtime after relaod because of TradeStation-Crash today. I've seen some lags in eSignal-feed. ZENFIRE worked very well equal to TT-feed.

 

Regards. have a nice long weekend.

 

Mike

Share this post


Link to post
Share on other sites
Blu did you take a look at the gradient stuff? Some quite neat code in there.

 

I'm going to take a look over the code at the weekend and see what we can come up with.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

Thanks BlueRay for your work on this....I tried a few things here, but I'd like to figure out how to make it work better on tick charts. Maybe some of the better coders can give it a whack...

 

Here is a link with some great info......http://www.hartleandflow.com/5/tradeflow/2007/05/tradeflow-studies.html

 

JC

TRADEFLOWV2.ELD

TF.thumb.jpg.e7e96f5ef61b0a5b6f61bfb0fcb42415.jpg

Edited by caglebagle

Share this post


Link to post
Share on other sites

And here's the code:

inputs: 

AvgLength(5),
LowestVolWidth(0),
LowVolWidth(1),
NormalVolWidth(3),
HighVolWidth(3.5),
HighestVolWidth(4.5),
LowestVolumeMult(.25),
LowVolumeMult(.5),
HighVolumeMult(.9),
HighestVolumeMult(1.25);



vars: 
VolAvg(0),
mintick(0),
BarVol(0),
BarRange(0),
Floatpoint(0),
MidSection(0),
Vol(0),
NoVolume(0),
LowestVolume(0),
LowVolume( 0 ),
HighVolume(0),
HighestVolume(0),
AvgVol( 0 );



if bartype < 2 then begin

Mintick = minmove/pricescale;

BarVol = upticks / ticks *100;	{percentage of upticks}

BarRange = (h-l)*2;				{Number of minticks in a bar}


Floatpoint = ((BarRange * BarVol)/100)/2;
MidSection = l + floatpoint;


AvgVol = Average( ticks, AvgLength ) ;
LowestVolume=AvgVol*LowestVolumeMult; 
LowVolume = AvgVol * LowVolumeMult;
HighVolume=AvgVol*HighVolumeMult;
HighestVolume=AvgVol*HighestVolumeMult;


Plot1(o,"Open");
Plot2(c,"Close");
Plot3(h,"High");
Plot4(MidSection,"Middle");
Plot5(MidSection,"Middle");
Plot6(Low,"Low");

If ticks < LowestVolume then begin
setplotcolor(3,rgb(64,0,0));
setplotwidth(3,LowestVolWidth);
setplotcolor(4,rgb(64,0,0));
setplotwidth(4,LowestVolWidth);
setplotcolor(5,rgb(0,64,0));
setplotwidth(5,LowestVolWidth);
setplotcolor(6,rgb(0,64,0));
setplotwidth(6,LowestVolWidth);
end;


If ticks>LowestVolume and ticks < LowVolume then begin
setplotcolor(3,darkred);
setplotwidth(3,LowVolWidth);
setplotcolor(4,darkred);
setplotwidth(4,LowVolWidth);
setplotcolor(5,darkgreen);
setplotwidth(5,LowVolWidth);
setplotcolor(6,darkgreen);
setplotwidth(6,LowVolWidth);
end;

{normal Volume}
if ticks>LowVolume and ticks<HighVolume then begin
setplotwidth(3,NormalVolWidth);
setplotcolor(3,rgb(160,0,0));
setplotwidth(4,NormalVolWidth);
setplotcolor(4,rgb(160,0,0));
setplotwidth(5,NormalVolWidth);
setplotcolor(5,rgb(0,160,0));
setplotwidth(6,NormalVolWidth);
setplotcolor(6,rgb(0,160,0));

end;

if ticks > HighVolume and ticks<HighestVolume then begin
setplotwidth(3,HighVolWidth);
setplotcolor(3,rgb(192,0,0));
setplotwidth(4,HighVolWidth);
setplotcolor(4,rgb(192,0,0));
setplotwidth(5,HighVolWidth);
setplotcolor(5,rgb(0,192,0));
setplotwidth(6,HighVolWidth);
setplotcolor(6,rgb(0,192,0));

end;

if ticks > HighestVolume then begin
setplotwidth(3,HighestVolWidth);
setplotcolor(3,red);
setplotwidth(4,HighestVolWidth);
setplotcolor(4,red);
setplotwidth(5,HighestVolWidth);
setplotcolor(5,green);
setplotwidth(6,HighestVolWidth);
setplotcolor(6,green);

end;



END; {Bartype < 2}

Share this post


Link to post
Share on other sites

Hi, I am in Italy and of course I'm italian so I apologize for my bad english.

Is there someone could translate it in .ELA please? .....coz I have the old tradestation 2000 prosuite and I can not import .ELD files.

Thank anyway and good job,

Mizio

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.