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Date/Time: Mon, 27 Jun 2022 02:01:34 +0000



Bid/Ask and volume

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[2014-01-17 16:46:12]
mayerrs - Posts: 70
hi, i would like to ask you about my question which is on the screen. i will translate my message here.

volitility long bar - there is volatility long bar in section 1
huge volume - in section 2 we can see there is huge volume on this long bar

section 3 - how is possible the LONG bar has been traded for Bid price
section 4 - what exactly does this study mean?

in other words:

how can be possible the GROWING (long) bar has ben traded for DECREASING (selling) bid price?

thanks to everyone
imageVolume analyza.png / V - Attached On 2014-01-17 16:45:55 UTC - Size: 57.68 KB - 631 views
[2014-01-17 17:42:43]
Sierra Chart Engineering - Posts: 103470
This problem has to do with how the Interactive Brokers data feed works.


For accurate data and charting, we recommend using the Sierra Chart Futures data feed:
https://www.sierrachart.com/index.php?l=doc/SierraChartRealTimeFuturesStockDataFeed.php

What you can do for now is right-click before the bar with the large volume and select Delete Data and Download.

Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2014-01-17 17:43:19
[2014-01-17 18:35:36]
mayerrs - Posts: 70
i should say i use RECORD TRUE REAL-TIMEDATA IN INTRADAY CHARTS. so it should be ok.
[2014-01-20 00:42:34]
Sierra Chart Engineering - Posts: 103470
Interactive Brokers True Real Time Data does not provide accurate bid volume and ask volume which are necessary for some of the studies being used.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2014-01-22 13:56:36]
mayerrs - Posts: 70
are you sure? i made this test.

1st pic: i use RECORD TRUE REAL-TIMEDATA IN INTRADAY CHARTS
volume: 2738
bid vol: 1447
ask vol: -1291

2nd pic:: i DID not use RECORD TRUE REAL-TIMEDATA IN INTRADAY CHARTS
volume: 2988
bid vol: 817
ask vol: -2171

3th pic: thinkorswim
volume: 2738

so, that is my reason to believe the data in "ECORD TRUE REAL-TIMEDATA IN INTRADAY CHARTS" are accurate, arent they. a have not been able to get bid/ask vol in thinkorswim but when i can see the volume are the same in bouth, it means the data are accurate. so, what do you say? where is the true?
Date Time Of Last Edit: 2014-01-22 13:57:18
imageTrue Real.png / V - Attached On 2014-01-22 13:56:07 UTC - Size: 31.73 KB - 670 views
imageTick.png / V - Attached On 2014-01-22 13:56:14 UTC - Size: 34.28 KB - 557 views
imageTOS.png / V - Attached On 2014-01-22 13:57:14 UTC - Size: 26.89 KB - 545 views
[2014-01-22 17:19:56]
Sierra Chart Engineering - Posts: 103470
Bid Volume and Ask Volume are not accurate with Interactive Brokers True Real Time data. This we are 100% certain of. The volume over a period of time may be accurate. But not Bid Volume and Ask Volume. This is clearly documented here:
http://www.sierrachart.com/index.php?l=doc/IB.php#TrueRealTimeData

For accurate market data use the Sierra Chart Real-time And Historical Futures Data feed:
http://www.sierrachart.com/index.php?l=doc/SierraChartRealTimeFuturesStockDataFeed.php
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2014-01-22 21:14:36]
moonmist - Posts: 127
Monkey Bars the study will allow you to also use candles/ bars etc

The study vs the chart type has more options

Also, if you are wanting to use Volume Profile - do not trust it. TOS does not have true tick data, they receive it in blocks

The nodes are not even close to being accurate at any setting


https://www.bigmiketrading.com/thinkorswim/26078-volume-market-profile.html
Date Time Of Last Edit: 2014-01-22 21:51:58
[2014-01-23 08:46:34]
mayerrs - Posts: 70
thanks to everyone for explanation. i did not know that. i thought if the volume 2738 is correct and i make bid vol 1447 +ask vol 1291 which is 2738 and this is correct, so i just thought bid vol and ask vol is also correct. i did not think this about regular datafeed from IB (not TRUE REAL-TIMEDATA IN INTRADAY CHARTS) i thought this just about TRUE REAL-TIMEDATA IN INTRADAY CHARTS. so, once again - thanks for this explanation.

anyway, once again this my question: if this case is on (i have no tick data but when i will see it i will check if this is going to happened. if somebody has tick data, pls check this case. if yes > then > how can be possible the GROWING (long) bar has been traded for DECREASING (selling) bid price?


Date Time Of Last Edit: 2014-01-23 08:46:45

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