I have been trying multiple charting programs the last few weeks and have not been able to recreate the QT CCI Indicator. I'm not sure why the formula would be so different in other programs. It is based on a (H+L+C)/3, a 14 period and a 6 signal. This is QT's standard CCI with no modifications. Has anyone been able to do this elsewhere or know how I can duplicate it. I am amazed at the descrepancies I see in programs....even with candles and volume.
I have also tried to duplicate indicators across different charting programs, generally with little success. The values are usually "close" but different enough to make you wonder. I don't use tick charts. I think that it may be more data related than calc related. Virtually all tech ind are well documented and the differences are usually more than simple rounding errors. The way they build their "time data" (1 min. bars, 5 min., etc). which is then used in the calculations can result in different resulting values even if different programs are using the same formula. It is a little frustrating when you rely on something that "works" for you and you can't duplicate it.
I too am torn up about losing QuoteTracker- probably the greatest piece of trading software I ever used. I am messing around with freestockcharts.com these days. Its not bad- not as fully awesome at QT is/was, but its intuitive at least and easy to manipulate. check it out
I'm still using QT & IQFeed...so far so good...and I just paid a another year for IQFeed...so I'm optimistic...(or maybe it's wishful thinking
TDAmeritrade is under the impression that not many people use Quotetracker. I have been working with the ThinkorSwim people trying to get features from QT incorporated into TOS. Now, this is what they say they are doing but, I have yet to see a useful response to my input or changes made to TOS. However, I continue to email and call them many times a week. I recommend that anyone who wants to keep using QT do the same so they know there are a number of us out there. At least we might be able to buy some time before they drop support of it. Trade Support Line at TDAmeritrade: 1-800-672-2098.
I believe QT was sold to Ameritrade in 2006, about three years before TD acquired TOS. TD probably wanted two things from the QT purchase: 1) Decent charting capability, 2) the QT paid subscriber list for its new TD customer potential - (and perhaps a third reason - preventing a competing brokerage firm from buying a superb package and using it as a marketing tool) Let's say that Jerry (and Mazel) had 10,000 paid subscribers and twice that in non-paying, ad reading users. If I recall I was paying around $40/50 a year. So that would have produced about $400,000 to $500,000 a year in gross sales. So Jerry probably got about $3M to $5M for his company. Who knows. Anyway it has been 5 years since the sale. TD began restricting the brokerage interface almost immediately and tried to get QT users to switch to them for brokerage services. Three years later TD bought TOS. TOS has two charting packages, their own and the Prophet system which TOS had purchased. Why support three? Assume that there are now 5000 paying QT users @ $60/yr. $300,000 is not much for supporting a package and there are probably no remaining users that plan on switching to TD/TOS. It was just a good business decision even though it didn't make loyal subscribers very happy. Jack
While our latest IQFeed release "broke" support for some 3rd party apps that aren't being updated to support our latest and greatest, we do have a workaround for QuoteTracker users. Just contact our support group and we can get it working with IQFeed. With this patch, there is no reason for QT to not continue working with IQFeed welll into 2012. In addition, we now support CME group exchange fee waivers for Interactive Brokers customers so if you are trading through QuoteTracker with IB and using IQFeed data you qualify for exchange fee waivers, saving traders some money.