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Here2learn

Registered: May 2009
Posts: 36

04-22-12 03:54 AM

I'm trying to increase my understanding of calendar spread charts in IB. Any info/suggestions are appreciated, but I have two main questions:

When charting such as in the screenshot, the candlesticks show long tails on both ends... is price fluctiating and orders being filled at these levels such as in standard candlestick charts, or are the tails representative of something else?

Also, the charting options give me the choice of bid/ask or midpoint which essentially show the same image. What is the difference?

Thanks for the clarification. Image attached.

ib spread chart.png
This has been downloaded 191 time(s).

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screw_jack

Registered: Apr 2012
Posts: 16

04-22-12 04:38 AM

They are what it says on the chart. The higher and lower end are the max ask and min bid, respectively. The middle thick bit is where the mid point had been. I usually just look at the middle bit as this is most likely what the fair value for the spread is.

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bone
ET Sponsor

Registered: Apr 2002
Posts: 4317

04-23-12 04:17 PM

I have posted your IB chart below as compared to the exchange supported spread:

I do not have an IB account, and I am not sure if the IB market you are looking at is the actual exchange supported implied market data feed or some sort of IB derivation using TWS or whatever.

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just21

Registered: Feb 2002
Posts: 3300

04-23-12 04:23 PM

IB do not list exchange traded spreads.

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bone
ET Sponsor

Registered: Apr 2002
Posts: 4317

04-23-12 04:29 PM

Quote from just21:

IB do not list exchange traded spreads.

My clients who come to me clearing IB almost always have to switch clearing firms for that very reason.

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ogarbitrage

Registered: Mar 2008
Posts: 781

04-23-12 08:06 PM

Bone, is that TT?

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