144 tick charts

Discussion in 'Trading' started by lgc, May 26, 2010.

  1. lgc

    lgc


    I mean, who does the "throttiling" or "bundling", my software or my data provider?
     
    #31     May 30, 2010
  2. charts

    charts

  3. 12^2=144
    12^2^1/2^2=144
    12^2^1/2^2^1/2^2=144

    Must be for that reason.
     
    #33     May 30, 2010
  4. lgc

    lgc

    Nice (but useless) exercise of power laws. You might be able to impress a few.
     
    #34     May 30, 2010
  5. Data providers supply different data and this doesn't make much difference in a time chart but tick charts can be very different.
    That is because some send all the tick data and some send sampled data.

    Having sampled data can be a good thing if your software can't cope with the torrent of data at a news release. So someone looking at a tick chart from IB's data will have a different tick setting from someone using eSignals' data.

    If you knew the conversion factor between the data providers the charts would look much the same.
     
    #35     May 31, 2010
  6. ET99

    ET99

    isn't 144 a derivative of 666?
     
    #36     May 31, 2010
  7. joe4422

    joe4422

    The tick data coming straight from the CME has changed. They bundle it, and there's no software that unbundles it, so you may think you're trading off the same 144 that your grandma did, but you're not.
     
    #37     May 31, 2010
  8. joe4422

    joe4422

    I missed the question a few pages back, but yes, data comes from the exchanges and your software produces the time charts.


    The thing is that the CME began bundling its ticks, so the data that it sends is now different. Your software will still produce 144 ticks, but they won't be what they used to be.


    This will affect future, not sure about stocks.


    Other things such as premium numbers, or trin are all computed by your software, these do not come from the exchange.
     
    #38     May 31, 2010
  9. Just remember when 144 was invented it was anticipated that these changes would take place. This is the true time for 144 to show its mastery of the markets.

    It's like the Mayan Calendar and 2012 is, well, you know about that...
     
    #39     May 31, 2010
  10. Ask him if you only use a 72 tick chart if he can sell it for $2500.00.
     
    #40     May 31, 2010