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Date/Time: Sun, 12 May 2024 09:06:09 +0000



Post From: Price discrepency between 2 data suppliers for the price low of Natural Gas cash

[2016-12-28 00:12:24]
User767336 - Posts: 39
Ok thanks. I'm going to answer your questions in reverse order ... mainly because your last post really raised my eyebrows. You stated ...
The # character after a futures contract base symbol does indicate a Continuous Futures Contract symbol but the data using that symbol is not entirely reliable. This is why you want to use the Sierra Chart Continuous Futures Contract feature instead.
What you have been doing is not wrong, but not the most accurate and reliable way.

My Question 1 ... who is supplying that # symbol data and why is it not entirely reliable?? Please explain the advantage of using the SC Continuous Futures Contract feature in more detail compared to # symbol data.
Previous to that post you asked ... How far back in time do you want to view historical daily data for the futures markets mentioned?
Answer ... As far back as I can get. I'd prefer to see 25 year charts on all the commodities at a minimum ... and ideally right from the start of futures contract trading of each particular commodity. Maybe most of your clients are day traders, and only need short term chart analysis ... but for me, all the major resistance points for any given entity going forward is able to be calculated from the price ranges much earlier on in the life of that entity. Accurate data is a must.

My Question 2 ... is it possible to use Barchart.com data feed into SC and get the 25 year charts they offer on their own website? Or is the time duration the same as FXCM (mostly 10 years, some a little more) I also note it is the Barchart data that has the Y00 (cash) symbol behind the commodity abbreviations ... ie. NGY00, CLY00, ESY00, GCY00, etc., etc.. Is this a standard symbol with all data feed suppliers?
Question 3 ... this is more to do with stocks, but is data from yahoo finance available through SC? Lots of their data goes right back to first trade date.

I'll answer your question about not wanting to use SC continuous futures contract data in my next post.