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Harley,
I'm not familiar with NASDAQ Level II...can you please describe it ?
regards
Ian Burgoyne
At 21:06 22-12-97 -0600, you wrote:
>SO is this similar to NASDAQ Level II?
>Harley
>Ian Burgoyne wrote:
>
>> Craig,
>> As I understand it, the term "market depth" is used to describe the
>> "depth"
>> of buyers and sellers of a stock
>> in the marketplace at any one time. Typically "market depth" details
>> buy and
>> sell orders including the share quantity of each order and price. In a
>>
>> nutshell, it tells the trader what buyers and sellers of a stock there
>> are
>> in the market, how many shares they want to buy or sell, and at what
>> price.
>> In Australia the info is provided by the ASX to brokers and some data
>> vendors. Market depth is very useful when a trader is about to make a
>> trade...the depth of market info can assist in executing a trade
>> quickly and
>> also in buying at the low of the day or selling at the high.
>> You mentioned volume in your last post.....I use Metastock 6 and
>> receive
>> data from a vendor which provides open,high,low,close,volume. The data
>> is
>> converted to Metastock format via the Downloader without any problems.
>>
>> Data vendors in Australia which provide end of day data and also sell
>> Metastock are: E.I.S. in Brisbane and Research Technology in Sydney.
>> There
>> are some other smaller vendors around too.
>> Hope this helps.
>> Ian Burgoyne
>>
>> At 07:59 23-12-97 +1000, you wrote:
>> >Hi,
>> >Thanks to all those who replied to my question.
>> >It seems putting in the data every 5 minutes would emulate a real
>> time
>> >version, but with the "false date" problem.
>> >Surely MS can have the volume of shares (ie total number of shares
>> >bought/sold that day) as part of the data?
>> >(I'm not quite sure why I would need to do this yet, but was
>> wondering
>> >about the capabilities of MS.)
>> >
>> >Thanks again,
>> >Craig.
>> >
>> >PS.. I'm still getting used to the terminology so pls excuse any
>> >apparently stupid questions :-(
>> > ----------
>> >>From: Richard Estes
>> >>To: meyer@xxxxxxxxxxx
>> >>Cc: Pugsley, Craig; Metastock-list@xxxxxxxxxxxxx
>> >>Subject: Re: Metastock and market depth?
>> >>Date: Monday, 22 December 1997 5:51PM
>> >>
>> >>
>> >>Close data only eliminates a vast majority of the indicators, I use.
>>
>> >The
>> >>lack of time values would throw you for a loop. At 96 data points
>> per
>> >day
>> >>with 5 min data, you would quickly get to year 2000. As you say "it
>> is
>> >not
>> >>worth it. It is more of a novelty." But since the program seems to
>> >react to
>> >>dates like what to load, what to display, I can't picture what you
>> >would
>> >>get. I don't need it.
>> >>
>> >>But the answer to our friend downunder remains, no it is a end of
>> day
>> >>program not real time.
>> >>
>> >>Richard Estes
>> >> -----Original Message-----
>> >>From: Harley Meyer <meyer@xxxxxxxxxxx>
>> >>To: Richard Estes <restes@xxxxxxxxx>
>> >>Cc: Pugsley, Craig <CPugsley@xxxxxxxxxxxxxxxxxxxxxxx>;
>> >>Metastock-list@xxxxxxxxxxxxx <Metastock-list@xxxxxxxxxxxxx>
>> >>Date: Monday, December 22, 1997 12:31 AM
>> >>Subject: Re: Metastock and market depth?
>> >>
>> >>
>> >>>MS6.5 will handle any single link, like close or tick, etc. It will
>>
>> >not
>> >>>handle open,high,low,close for a bar chart or candlesticks.
>> >>>Think of date or time as more of a place holder that is
>> unimportant.
>> >If
>> >>>you OLE 5 minute close into MS you get a line that updates as long
>> as
>> >>>Excel updates. Even though at the bottom of the original window you
>>
>> >>>would have days. The OLE is independent and will be in 5 min
>> intervals
>> >>>for this example.
>> >>>You can use any indicator that would use the close. Like Bollinger
>> >>>bands, etc.
>> >>>There is not much to show as far as a chart. It looks just like any
>>
>> >>>other line that gets plotted in MS.
>> >>>
>> >>>I hope this answered your question. I have used this occasionally
>> for
>> >>>charting. The only draw back is having to have Excel open and we
>> all
>> >>>know that you starting opening too many applications and the
>> computer
>> >>>will run out of memory. CRASH. I have a Pentium Laptop with 40 megs
>> of
>> >>>ram. Also you can't use bars or candlesticks in RT so it is not
>> worth
>> >>>it. It is more of a novelty.
>> >>>
>> >>>I will say though when Equis releases the MS RT version it should
>> be
>> >>>pretty neat since the Expert Adviser can be used in RT as well.
>> >>>
>> >>>If a person just wants the analyze intraday data, they could import
>> it
>> >>>through the downloader as well. Forget about the data in terms of
>> >>>usefulness make up a data and just remember it is in 1 minute
>> >intervals.
>> >>>You can compress it once it is in MS.
>> >>>
>> >>>Harley
>> >>>Richard Estes wrote:
>> >>>
>> >>>> Can you? you mean I can take RT 5 minute or tick data and put it
>> in
>> >>>> MSWIN
>> >>>> and be able to use it? Do you have a chart you can show, I would
>> >like
>> >>>> to see
>> >>>> that. How does date function work?
>> >>>> Richard Estes
>> >>>> -----Original Message-----
>> >>>> From: Harley Meyer <meyer@xxxxxxxxxxx>
>> >>>> To: Pugsley, Craig <CPugsley@xxxxxxxxxxxxxxxxxxxxxxx>
>> >>>> Cc: Metastock-list@xxxxxxxxxxxxx <Metastock-list@xxxxxxxxxxxxx>
>> >>>> Date: Sunday, December 21, 1997 11:19 PM
>> >>>> Subject: Re: Metastock and market depth?
>> >>>>
>> >>>> >If you have MS 6.5 and Microsoft Excel you can OLE link any type
>> of
>> >>>> data
>> >>>> >into MS.
>> >>>> >Harley
>> >>>> >Pugsley, Craig wrote:
>> >>>> >
>> >>>> >> Hello Again,
>> >>>> >> Can someone please help me out with this question..
>> >>>> >>
>> >>>> >> >I am wondering if Metastock is capable of using market
>> depth..
>> >>>> >> >i.e. each individual transaction during a day's trading at
>> the
>> >>>> stock
>> >>>> >> >exchange,
>> >>>> >> >or is the "depth" limited to the volume of shares traded that
>>
>> >day?
>> >>>>
>> >>>> >> Thanks,
>> >>>> >> Craig.
>> >>>> >
>> >>>> >
>> >>>> >
>> >>>
>> >>>
>> >>>
>> >>
>> >
>> >
>
>
>
>
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