|
PureBytes Links
Trading Reference Links
|
Harley,
Exactly right...sounds like the same thing.
I've saved a copy of a page on the stock GIO and hopefully you
will be able to view it.
Ian Burgoyne
At 22:37 22-12-97 -0600, you wrote:
>It shows the market makers in the inside market. Best bid and ask. They
>could be different market maker at the bid and the ask. It also the size
>of shares they are willing to buy or sell. It also shows the next best
>bid/ask by other market makers and the number of shares they have to do
>business with.
>
>It sounded very similar to the market depth you described.
>Harley
>Ian Burgoyne wrote:
>
>> 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.
>> >> >>>> >
>> >> >>>> >
>> >> >>>> >
>> >> >>>
>> >> >>>
>> >> >>>
>> >> >>
>> >> >
>> >> >
>> >
>> >
>> >
>> >
>
>
>
>
Attachment Converted: "c:\eudora\attach\frm_menu.oci"
|