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Date/Time: Fri, 19 Apr 2024 08:02:12 +0000



Bid/ask-based Net P/L

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[2013-05-07 20:14:42]
bfalk - Posts: 33
Is there any way bid/ask based net P/L could be added as a feature (or is it already supported)? By this I mean, if you're long, the NPL is based on the bid price, and if you're short, the NPL is based on the ask price. This is quite helpful when it comes to low-volume stocks where the bids and asks might be quite a bit different than the last trade.

It also means that you NPL is what you would get if you liquidated at market. Which is more important to me than the last price.

-Brandon
Date Time Of Last Edit: 2013-05-07 20:37:55
[2013-05-07 21:50:38]
Sierra Chart Engineering - Posts: 104368
Yes we can add this. But we do not want to. You need to understand our perspective on this.

It is more programming.
It is more options. Only increasing the complexity of PL calculations.
It is more support.
If the bid and ask prices are wrong and sometimes they are, then there are questions as to why the PL is wrong.
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
[2013-05-08 01:11:03]
Sawtooth - Posts: 3973
Here's a spreadsheet study that does this:

http://www.sawtoothtrade.com/free-stuff-1.html
Date Time Of Last Edit: 2015-08-14 00:59:00

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