BSAM, I use Nextrend for futures data/charts (very reliable). QQL will offer futures data in the near future. The new Nextrend 3.00a version has improved charting, but still has limited number of symbols, limited number of technical indicators, limited number of pages and limited number of windows per page. QQL updates the software more frequently and has unlimited number of symbols, charts etc. To sum up, both have advantages and disadvantages, with IB commissions I can afford both. Fohat
I haven't started trading quite yet, and must admit that my knowledge is rather limited. My question may therefore seem simple to most of you, but nevertheless here it is: why is quote.com's Livecharts service such a bad choice? It's price of $20/month certainly seems attractive. Does it include a futures charts/data feed as well? Thanks! Rushman
Rushman: Quote.com has great software/tools, but their data feed reliability SUCKS out loud. Their customer service is very bad also. Unless they have made recent BIG improvements I'd suggest a different data feed. BSAM
Fohat, According to their websites (QQL and Nextrend) QQL has 21 indicators and Nextrend has 34. Does QQL have more than what is listed on the site. I am a newbie and right now I am mainly using bollinger bands, stochastic, RSI, and Parabolic SAR. According to their websites QQL does not have Wilder RSI nor Parabolic. However, as you said - with IB commissions so low you can afford to have both. But as a newbie I would prefer to use only one charting program. GaretJax QQL Indicators (from their webpage) : Use these technical studies and indicators: Volume Volume (two tone) Price OHLC (Open, High, Low, Close) Moving Average (price/volume) Moving Average Convergence Divergence (MACD) On Balance Volume Relative Strength Index (RSI) Bollinger Bands Candlestick Accumulation/Distribution Williams' %R Fast/Slow Stochastic Momentum Chaikin Oscillator Market Facilitation Index Relative Performance (2 symbols) Directional Movement Indicator (DMI) Normalized Performance Price/Volume Trend Donchian Channel Nextrend Indicators: Dual Axis Charting Bollinger Bands Keltner Channels Acceleration Accumulation/Distribution Average Balance Volume Average Directional Movement Index Commodity Channel Index (CCI) Cumulative Volume Directional Movement Index Directional Movement Oscillator High Low Oscillator Historical Volatility Keltner Channel Momentum Moving Average Convergence Divergence (MACD) Moving Average Convergence Divergence Oscillator Trend Lines Moving Average Envelope Moving Average Momentum Moving Average Oscillator On Balance Volume Open Interest Parabolic Price Rate of Change Wilder Relative Strength Index Stochastics (Modified, Slow, and Fast) Tick Volume Up Ticks vs. Down Ticks (Difference and Ratio) Variable Accumulation Distribution Volume Volume Rate of Change Wilder Volatility Williams %R indicators
GaretJax: It seems one could make reasonable trading decisions using the tools offered by either QQL or NexTrend. I believe most will tell you that if you try to apply too many indicators, you will get so many mixed signals that your trading decisions will be confusing to you. Better to understand 3 or 4 indicators and combine those with market internals, futures movement, etc. in order to make trading decisions. Trying to apply too much at once greatly aggravates the picture. BSAM
GaretJax, By "limited number of technical indicators" I mean that Nextrend has limit on the number of TI(Technical indicators)you can plot on a chart (for most plans up to 3 TI per chart, when you plot the price). There's also limit on the number of windows you can open in a workspace and limit on the number of workspaces. QQL doesn't have such limits, even the $19.95/mo plan. QQL has RSI, no Parabolic. Nextrend has no Chaikin Oscilator, but plenty of other oscilators. Nextrend double counts TI (Keltner Channel, Keltner Channels and others) and counts Trend lines, Dual axis charting as TI, but they are not TI. Therefore the 34, 21 TI numbers are misleading because they are calculated differently. I use more than 16 winodws per workspace for stocks/options, so Nextrend is not sufficient for me. Both are very good for making trading decisions, have very stable datafeed and more technical indicators than Qcharts. Which charting/scanning package to select depends on your trading needs. Fohat
Thanks Fohat. Yes I ran into the nextrend limitation last night - only 4 indicators per chart for the free version. The subscription version allows 16. I will probably trial the qql for a month since I really can't get a good feel without playing with it - I really like that nextrend allows you to download their software. Also I do like the fact that qql allows you to save your desktop schemes - I have a 2-monitor setup and that is very useful. GaretJax
Still wondering if anyone knows whether quote.com's LiveCharts offers futures charts/data feeds? Thanks. Rushman
I am a subscriber (they're my backup feed and an unreliable one at that) and unless I'm a moron (there's that chance) there is no futures data. JB
both QCharts and Livecharts offer U.S. futures data. Right now emini's are free until sept when a $10/mth charge starts from CME for real time though.