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Bid/Ask and volume

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[2014-01-17 16:46:12] #1 [Go To First Post]
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


Volume analyza.png / V - Attached On 2014-01-17 16:45:55 UTC - Size: 57.68 KB - 709 views

[2014-01-17 17:42:43] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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] #3 [Go To First Post]
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] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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] #5 [Go To First Post]
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


True Real.png / V - Attached On 2014-01-22 13:56:07 UTC - Size: 31.73 KB - 774 views Tick.png / V - Attached On 2014-01-22 13:56:14 UTC - Size: 34.28 KB - 632 views TOS.png / V - Attached On 2014-01-22 13:57:14 UTC - Size: 26.89 KB - 620 views

[2014-01-22 17:19:56] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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] #8 [Go To First Post]
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] #9 [Go To First Post]
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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