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Well, now I'm confused.
How can I tell significance with these? For example, on the bottom
chart at about 12:28 the red had a nice pop while at that same time,
the green had a drop. So,
1. Does this mean that they both ticked 10 times in that interval?
2. If the red ticked up nicely during that whole interval and the green
just had one tick down, I wouldn't use that information be cause it's
not enough to go on. However if the red had ten ticks up and the
green had ten ticks down, then that means something. So, how am I
to know.
3. There are no empty spots on any of the charts. Does this mean
that there are NEVER times where one instrument ticks 10 times and
another doesn't tick at all? I trade stocks and see that situation
happen all the time when you compare a stock to the S&P futures.
Also can the bar be a 1-tick bar, thus making it a point? (and
something REALLY helpful would be volume-weighted tick bars. If I
were trading MRK and LLY and MRK went down with a nice fat tick
bar while LLY also had a nice fat tick bar, but didn't go down, I'd
consider that important, or if LLY went down also, but only had a
thin tick bar I'd consider that important. (I'd probably be buying LLY
soon).
Date sent: Tue, 22 Jun 1999 08:30:43 -0500
From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Subject: Multi Data Tick Bar Charts are here!
> TraderWareX connected to Quote.com produced these Multi Data Tick Bar
> Charts. I have personally wanted these for years in a program and I have
> them! Excuse my exuberance, but as a trader I believe I will be able to
> see opportunities as never before! With the advent of the fast electronic
> fills for some contracts and the future of all commodities going that way
> things can only get better for someone who takes advantage of this
> technology. To be able to recognize a lull in the market and then trade the
> spread or to be able to visually see in great detail tick by tick what
> correlated market leads which is something that has finally come.
>
> If you set and think about the problem of how do you plot a series of data
> that is steaming in at one speed and time. Then plot another data series at
> yet another speed and time. Yet have then both dynamically overlay one
> another and align on the right hand side of the screen and you will
> understand why no one has ever done this before!
>
> http://24.0.100.173/traderwarex/multidata.htm
>
> We have released the EOD beta for TradeWare and it has some real time
> symbols available as well and a test symbol that plots 24/7. However we
> have the QUOTE.COM version up and running for pre beta NOW and if you wish
> to subscribe to them for a free 30 Trial the do so at http://www.quote.com
> You will only have to subscribe to them you will not need their software or
> to install anything, all you need is the user name and the password you
> choose when you signed up. Then if you have not signed our TraderWareX non
> disclosure agreement and wish to pre beta using Quote.com free 30 trial.
> You will need to go to
> http://24.0.100.173/traderwarex/TraderWareX.htm download print - fill out -
> fax or mail back to us. Then we will issue you a user name and a password
> and we will give you a web address to use TraderWareX.
>
> I strongly suggest that if you wish to pre beta you do so with Quote.com
> rather than our EOD version, I am very pleased with the progress we are
> making using their data feed. We are shooting for a mid August release, and
> all potential third party developers should contact me to get a sample
> control so you can create your own ActiveX plug in.
>
> Mark Brown
>
> ps You may wish to download and use Quote.com's charting software as part of
> the free trail. It is pretty slick and good looking, I especially like the
> quote screens they have and I have gotten some good ideas from them that we
> plan to emulate in our own product. I would certainly welcome any and all
> feed back from whatever source, we are truly trying to build a great
> software product and it needs traders inputs to become that way.
>
"Buy Low, Sell High"
(If this statment is used for financial gain, I am entitled to 10% of all profits. ;) )
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