Chat Session Logs

4:30 pm:--IRT-- Joining Channel #linnsoft...
4:31 pm:<Mike> Hi Bill
4:33 pm:<Mike> hi TA
4:33 pm:<TraderAnt> hey mike
4:34 pm:<TraderAnt> is the session started yet?
4:34 pm:<Mike> Bill TA had problems matching chart of Tuna I think, TPO chart maybe
4:34 pm:<TraderAnt> thks mike, but was a tick chart
4:34 pm:<TraderAnt> i emailed earlier
4:34 pm:<LS_Bill> hello
4:34 pm:<TraderAnt> hey bill
4:36 pm:*** Thomas has joined us
4:37 pm:*** Thomas has left
4:38 pm:<LS_Bill> The web site is not yet updated but there is a 8.2 Rev 2 update available now: http://www.linnsoft.com/dl/win/irt_win_822.exe
4:38 pm:<LS_Bill> for OS X the link is:
4:38 pm:<LS_Bill> http://www.linnsoft.com/dl/osx/irt_osx_822.dmg
4:39 pm:<LS_Bill> 8.2.2 is a maintenance release with some fixes developed over the past week.
4:39 pm:<LS_Bill> these are documented in the What's New document if you are interested.
4:39 pm:<Mike> thank you
4:40 pm:<LS_Bill> thanks for testing that dmg Mike
4:41 pm:<Mike> works same
4:42 pm:*** Hayden has joined us
4:43 pm:<Hayden> Hello all
4:45 pm:*** Tom has joined us
4:45 pm:<Mike> Hi Tom
4:46 pm:<Tom> Hi there
4:47 pm:*** Cliff has joined us
4:47 pm:<Mike> Hi Cliff
4:47 pm:<Mike> how is Demo going?
4:48 pm:<LS_Bill> Is that you Tom, the intel-mac user
4:48 pm:<Cliff> It's going well and I'm almost ready to bombard you with another array of questions
4:48 pm:<LS_Bill> fire away
4:48 pm:*** zonez has joined us
4:48 pm:<Tom> Yes, it is.
4:49 pm:<LS_Bill> Tom and I have been corresponding about his new Intel-iMac and Investor/RT
4:49 pm:<Mike> hey Tom how is IRT speed and cpu usage on intel Rosetta?
4:49 pm:<Mike> can we get a briefing/review?
4:49 pm:<Tom> speed wise, I'm very impressed. I don't know specifically about cpu usage
4:50 pm:<Tom> to put this in context, I'm coming from a G3, the iMac has 2GB ram and 256MB VRAM
4:50 pm:<Mike> ahhh
4:50 pm:<Tom> overall, I am extremely pleased with the iMac; every software program runs fine, including IRT, Macromedia Freehand and others
4:51 pm:<Tom> btw, are you all watching GOOG tank? it's down to $359
4:51 pm:<Mike> yes
4:51 pm:<Mike> $goog
4:51 pm:<PitBot> GOOG @ 359.42 -67.40 -15.79% 16.37M 4:51 PM
4:51 pm:<Hayden> How come?
4:52 pm:<Mike> missed earnings
4:52 pm:<Tom> missed their earnings expectations by a good amount
4:52 pm:<Hayden> Wow
4:52 pm:<Hayden> They were moving ahead as if they were unstoppable
4:52 pm:<TraderAnt> Bill, what else can you suggest that i do to rectify my tic chart situation?
4:54 pm:<Cliff> Bill, you may recall we had a conversation about using multiple symbols for the same instrument in different sessions and if I recall correctly you indicated that wouldn't be necessary and you could override the global setting for the instrument in the chart
4:54 pm:<Mike> Cliff I have set my futures to a 24 hr session
4:55 pm:<Mike> then on chart I have a session menu button that has 24 hr and day sessions so I can toggle if I desire to
4:55 pm:<LS_Bill> yes, cliff, in fact, duplicate symbols in IRT, although possible to setup, are not well supported and lead to problems, just don't do it.
4:55 pm:<Cliff> But, when I was reading Session Preferences Help I found a reference to tracking a ticker symbol during several different trading sessions using a different session for each entry
4:56 pm:<Mike> Button is "Change the Session" button of type Menu, then I have 0:DAY, 1:24hr
4:56 pm:<Cliff> And from what I just saw on my screen I'm guessing I should ignore that section of the Help
4:56 pm:<TraderAnt> duplicate means same symbol in quote page(if possible)?
4:56 pm:<LS_Bill> Trader Ant, you said that time and sales were coming in but nothing into the chart. Send me the chart definition, it may be setup wrong, wrong view period or something
4:56 pm:<TraderAnt> what's a chart def?
4:57 pm:<LS_Bill> right-click in the chart and choose Save: As Chart Definition (Export)
4:57 pm:<TraderAnt> k
4:57 pm:<LS_Bill> the text file produced by this is called a chart definition text file (chart def for short)
4:57 pm:<LS_Bill> you can email a chart def to another IRT user and the recipient can import the chart setup using File: Import: Chart Definition
4:58 pm:<LS_Bill> what is the "View Period" of your chart?
4:58 pm:<Cliff> Bill, I'm guessing it's not a problem to create different quote sheets for pre-, regular, and post- market sessions with some different columns in each - as an example in my Pre-Market qs I'd want a column showing change since prior Post-Market close and in my Post-Market I'd want a column showing volume for the instrument since the beginning of the Post-Market session
4:59 pm:<LS_Bill> cliff you can override the session setup in a chart, I'm just saying you should not setup two instruments having the same ticker
4:59 pm:<TraderAnt> sent
4:59 pm:<LS_Bill> no, cliff, IRT does not work that way
4:59 pm:<LS_Bill> pre-market/post-market data all flows into the same columns in a quote page
5 pm:<LS_Bill> no matter how many quote pages you have open
5 pm:<TraderAnt> bill ..view period is 144 tics?
5 pm:<LS_Bill> the chart can be set to show trading during some view period, pre or post market
5 pm:<Cliff> Bill, right, but the Help section I spoke of referred to entering T-bond futures symbol multiple times and assigning different session to each entry--this I take it is what you're advising against?
5:01 pm:<LS_Bill> TraderAnt, 155 ticks is not the view period, that is what we call the "Periodicity", the unit that measures how much is in each "Bar"
5:01 pm:*** David has joined us
5:01 pm:<Cliff> On the qs issue, can't I create custom columns that would only capture data within a specified timeframe?
5:01 pm:<LS_Bill> View Period, is the time span that the chart is considering, e.g. Last 5 days,
5:01 pm:<LS_Bill> custom column do not "capture" data
5:01 pm:*** Tom has left
5:01 pm:<David> Hi everyone
5:02 pm:<LS_Bill> custom columns calculate things/display things. the capture of data is independent
5:02 pm:<TraderAnt> view period is 1/30 to 1/31 13:19:44
5:02 pm:<LS_Bill> there are way to have the custom column look at particular time periods
5:02 pm:<Cliff> can't columns in some way be set so that they only display data for a certain time period?
5:02 pm:<LS_Bill> trader ant do you have "Begin To End" setup as the view period?
5:02 pm:<LS_Bill> if so that is your problem
5:02 pm:<Mike> TA maybe have view period last 1 day.
5:03 pm:<David> Question on volume-I have volume on an ES chart and it is showing 4m shares traded then when I reload it corrects it
5:03 pm:<LS_Bill> any chart that has Begin TO End option in view period is by definition, a static chart that does not get real-time updates
5:03 pm:<TraderAnt> t is default, but dl'd more data earlier
5:03 pm:<TraderAnt> it is
5:03 pm:<LS_Bill> change that, that is the problem
5:03 pm:<LS_Bill> use last N days
5:03 pm:<TraderAnt> to what?
5:03 pm:<Mike> One Sec Dave, Bill has 2 questions at present :)
5:04 pm:<LS_Bill> or last N hours or whatever.
5:04 pm:<LS_Bill> ANY THING BUT "Begin to End"
5:04 pm:<TraderAnt> whoa, it seems to be working or that it will work
5:04 pm:<LS_Bill> any chart that has a "Ending" time is considered static, no realtime data is sent to it, by definition
5:05 pm:<LS_Bill> it will not work reliably believe me
5:05 pm:<TraderAnt> got another ?
5:05 pm:<LS_Bill> got another what?
5:05 pm:<LS_Bill> use Last N hours or Last N days
5:06 pm:<TraderAnt> at night when reviewing charts i go "work offline" so charts wont update( to keep my place), but then the charts go back to most recent activity and i lose my place
5:06 pm:<Mike> he has another ? = question
5:06 pm:<LS_Bill> that's why we designed "begin to end' so that you could review prior trading without being interrupted by real-time data
5:06 pm:<TraderAnt> even with no data coming in
5:07 pm:<LS_Bill> but when you want the chart to go live again, you must fix the view period!
5:07 pm:<LS_Bill> David, what feed are you using, what ticker symbol?
5:07 pm:<TraderAnt> so the one answer is for both questions then
5:07 pm:<Mike> Q Que: Cliff, Dave
5:07 pm:<Mike> Dave is DTN it says
5:08 pm:<LS_Bill> DTN Satellite or DTN IQ, or DTN Market Access ?
5:08 pm:<David> I am using IQfeed, but will change to IB
5:08 pm:<LS_Bill> I asked what ticker?
5:08 pm:<David> I now have IB data I am switching to--need help with that
5:08 pm:<David> ESH6
5:08 pm:<LS_Bill> are you using @ESH6
5:08 pm:<David> yes
5:08 pm:<LS_Bill> I think the @ in front in required
5:09 pm:<David> I have the @
5:09 pm:<LS_Bill> I'm running DTN IQFEED IRT now and it says 13,000 contracts
5:09 pm:<David> The data is fine just the Volume data a problem
5:09 pm:<LS_Bill> I have no idea whatever where that 4 million came from
5:09 pm:<LS_Bill> any other IQ users here?
5:10 pm:<David> when I reload the right volume shows
5:10 pm:*** zonez has left
5:10 pm:<LS_Bill> are you talking about a quote page volume display, or a daily chart or what?
5:10 pm:<David> Bill, I now have an IB account, so need help with data change-over
5:11 pm:<David> just plain ole volume on the bottom
5:11 pm:<LS_Bill> you will need a new registration code, send in your IB U number
5:11 pm:<LS_Bill> David, is the chart a daily chart, a one minute chart?
5:11 pm:<David> 5 min
5:12 pm:<LS_Bill> so you're seeing 4 million for a particular 5 minute bar?? never heard of such a thing.
5:12 pm:<David> yes
5:12 pm:<David> volume just keeps going up when five min bar is forming
5:14 pm:<LS_Bill> strange
5:14 pm:<LS_Bill> what was the total volume on @esh6 today
5:14 pm:<David> I have one bar that shows 5 million shares traded
5:15 pm:<David> GOOG announcement
5:15 pm:<LS_Bill> is @ESH6 setup in your system as a future or as a stock?
5:16 pm:<David> where do I check that? think it is a future
5:16 pm:<LS_Bill> right-click on the symbol in a qp and choose setup
5:16 pm:<LS_Bill> or just type alt-A and enter the ticker
5:17 pm:<LS_Bill> or just add "Security Type" to your quotepage
5:17 pm:<LS_Bill> or just open the .Futures quotepage and see if it's listed
5:17 pm:<Mike> Cliff you still need help?
5:17 pm:<LS_Bill> there are always at least 5 ways to do anything in IRT ;-)
5:17 pm:<Cliff> sure why not
5:17 pm:<Mike> yes
5:17 pm:<LS_Bill> my guess David, is that you have the symbol setup as stock
5:18 pm:<Cliff> I'm just curious about setting up custom columns along lines mentioned above
5:18 pm:<LS_Bill> and that IRT is considering the volume as the number of"lots" of 100 shares
5:18 pm:<LS_Bill> that's why the volume numbers are so high
5:18 pm:<David> it was a stock, sorry lost chat
5:18 pm:<LS_Bill> You should add "Security Type" to your quotepage and make sure you have all your symbols setup correctly.
5:19 pm:<LS_Bill> ok, that's explains the problem
5:19 pm:<Cliff> basically columns that are showing the data only for a time period that is a subset of the global session for the symbol
5:19 pm:<LS_Bill> Cliff, the STAT token in a cusotm indicator...
5:19 pm:<Cliff> I'm particularly interested in pre and post market trading
5:19 pm:<LS_Bill> can specify a range of time to consider
5:19 pm:<David> thanks
5:19 pm:<LS_Bill> e.g. you can setup "STAT" to give you the highest high since 4:30 pm etc.
5:20 pm:<Cliff> and am fed up with RealTick showing me volumes after the close that include the full day's volume and give me absolutely no idea of what's most active in the post market
5:20 pm:<LS_Bill> or the lowest close from session open for next hour
5:20 pm:<Mike> Great guess and fix Bill!
5:20 pm:<LS_Bill> it's very flexible
5:20 pm:<LS_Bill> so stat can be used to give you the Total of Volume from time X to present for example
5:21 pm:<Cliff> for right now I just want to be sure that the time or sub-session defined columns can be created without problems
5:21 pm:<LS_Bill> columns do not have a session Cliff
5:21 pm:<Cliff> well it sounds like stat is what I'd need to learn to use
5:21 pm:<LS_Bill> right
5:21 pm:<LS_Bill> create a simple custom indcator, the formula is trivial, just "STAT"
5:21 pm:<Cliff> when I say session I don't mean I/RT session I mean trading session (i.e., pre, post, regular)
5:22 pm:<LS_Bill> in the setup for STAT you specify the time
5:22 pm:<LS_Bill> ok, "Session" have an IRT meaning for me, sorry
5:22 pm:<LS_Bill> has
5:22 pm:<Mike> Bill he needs stocks to be set to a session that includes pre post times right?
5:22 pm:*** Mahlisch has left
5:22 pm:<Mike> then he needs feed on pre and post also?
5:23 pm:<Cliff> right, I know, the use of the word session gets a little confusing here doesn't it--I'll go to trading session when I don't mean I/RT session
5:23 pm:<Cliff> I'll look into STAT further on the website
5:24 pm:*** MPx has joined us
5:24 pm:<Cliff> BTW, suppose I wanted to create a TICK indicator based just on the TICK for the NAS100 components--that wouldn't be a problem would it
5:24 pm:<MPx> ops...forgot about meeting had to help an IRT client do his setup from scratch..
5:25 pm:<LS_Bill> traderAnt, just imported your chart def, and there it was "Begin to End" view period
5:25 pm:<Cliff> where TICK = total stocks ticking up minus total ticking down
5:25 pm:<Mike> there a symbol for that on feed might be best Cliff
5:25 pm:<LS_Bill> I have thought about changing the appearance of such "Static" Charts in some way to reinforce that such charts do not update from the realtime feed at all
5:26 pm:<LS_Bill> or maybe just putting a warning in the chart title. "Chart is Static, Check ViewPeriod"
5:26 pm:<Mike> good idea Bill
5:26 pm:<Cliff> I don't think there is a symbol for that on the feed, I don't believe--the NASDAQ TICK is for the Composite and not the 100, I'm pretty sure
5:26 pm:<LS_Bill> I cannot count the number of users that have been bitten by this one setting
5:27 pm:<TraderAnt> looks fine now bill...sometimes though i'll be working in a chart and adding indicator and it disappears and the popup window goes to the background
5:27 pm:<Mike> maybe change it's color or outline to RED somehow
5:27 pm:<David> Bill, what do you need or I need to change over to IB data from IQFeed?
5:27 pm:<Cliff> so if the TICK I want doesn't exist, can't it be synthesized in I/RT?
5:28 pm:<LS_Bill> how do you define TICK?
5:28 pm:<LS_Bill> what is it?
5:28 pm:<Cliff> for example the NYSE TICK is for the NYSE composite, but if you trade the SP500 futures, the TICK you'd really be interested in is for its component stocks
5:28 pm:<LS_Bill> perhaps it could be synthesized using a custom instrument
5:29 pm:<LS_Bill> what property does TICK measure, I don't know the meaning precisely
5:29 pm:<Mike> but need 500 instruments live Bill for SP500
5:29 pm:<Cliff> TICK = the total number of stocks in a universe ticking up at a point in time MINUS the total number in the same universe ticking down at the same point in time
5:29 pm:<Cliff> that
5:29 pm:<LS_Bill> ok
5:29 pm:<Mike> NAS100 needs 100 stocks in db
5:29 pm:<Cliff> that's how the canned TICKs are calculated, it's just that they
5:29 pm:<LS_Bill> yes, you would have to be tracking each of the 100 stocks
5:30 pm:<Cliff> they're usually published on indices that aren't specific to the instruments most people trade
5:31 pm:<LS_Bill> you can define a custom indicator
5:31 pm:<Cliff> sure, on the need to track the component stocks, but I just wanted to be sure it was doable and wouldn't overload the system (I'm running a P4 3.0 with a GB of RAM0
5:31 pm:<LS_Bill> the custom indicator formula would be something like this...
5:31 pm:<Cliff> Gene suggested if I wanted to do the kinds of things we're talking about now (custome TICK indicators) that I consider dual processors and 2GB of RAM
5:32 pm:<Cliff> that would be custom TICK indicators
5:33 pm:<LS_Bill> SET(V#1, 0); SET(V#1, ( LAST > LAST1) - (LAST < LAST1))
5:34 pm:<LS_Bill> add ; V#1 to the end of that
5:34 pm:<Mike> more processors and ram always helps I feel
5:34 pm:<LS_Bill> that formulas will set V#1 for each instrument to +1 if it is upticking or -1 if down ticking,
5:34 pm:<Cliff> Bill what's your take on whether I'd be starting to overload a p4 3.0 w/ 1 GB RAM doing this kind of stuffr
5:35 pm:<Cliff> that would be stuff
5:35 pm:<LS_Bill> well, this kind of 100 symbol custom indicator will be calculated at most 6 times per minute
5:35 pm:<Cliff> why do say that
5:35 pm:<LS_Bill> it will not update every tick of any of the 100
5:35 pm:<Cliff> on calculation frequency
5:36 pm:<Cliff> mightn't the calculation change on every tick, not necessarily but it might
5:36 pm:<LS_Bill> because IRT is programmed to calculate custom instruments at most every 10 seconds as I recall,
5:36 pm:<LS_Bill> then the custom instrument has more than just a few component instruments
5:37 pm:<LS_Bill> it is not feasible to recalculate the indicator with any tick of up to 100 instruments
5:37 pm:<LS_Bill> you would overwhelm the processor
5:37 pm:<Cliff> Well, that's good to know
5:37 pm:<LS_Bill> the TICK indicator that you see on data feeds don't update more than a few times per minute
5:38 pm:<LS_Bill> I think DTN IQFEED is 4 times per minute or something
5:38 pm:<Cliff> I'm clueless as to what hardware can actually handle
5:38 pm:<LS_Bill> so server computers don't even calculate these broad indexes every tick,
5:38 pm:<Cliff> Generically speaking though it sounds like if the data can be displayed in a column, you can peform mathematical functions on it
5:39 pm:<LS_Bill> yes, by defining a custom indicator and referencing that indiator in the custom column setup
5:39 pm:<Cliff> a create indicators based on the calculated results
5:39 pm:<Cliff> I got to thinking about this when I saw that one of your columns was tick direction
5:40 pm:<LS_Bill> see this web page: http://www.linnsoft.com/tour/cc.htm
5:40 pm:<Cliff> it dawned upon me that if you could assign 1 to upticks and -1 to downticks and sum the whole thing you'd be in business here
5:41 pm:<Cliff> it sounds to me that assignment and summation is what you're actually proposing here
5:41 pm:<Cliff> thanks for the link BTW Bill
5:43 pm:<Mike> Other Questions/Issues?
5:44 pm:<Mike> Bill mentioned 8.2.2 installers are there now fyi.
5:44 pm:<Cliff> Not at the moment. Many thanks to all for your help today
5:44 pm:<David> Just the change over from IQ to IB anything special
5:45 pm:<LS_Bill> we need to send you a new registration code for the IB version, or do you have that already?
5:45 pm:<Mike> great company support we are lucky users :)
5:45 pm:<David> Do not have that I know of
5:45 pm:<David> What do I need from IB?
5:45 pm:<LS_Bill> send an email to info@linnsoft.com with your IB "U number" the account number you plan to use with IRT
5:45 pm:<Mike> <LS_Bill>The web site is not yet updated but there is a 8.2 Rev 2 update available now: http://www.linnsoft.com/dl/win/irt_win_822.exe
5:46 pm:<LS_Bill> just your U account number
5:46 pm:<Mike> for OS X the link is:
5:46 pm:<Mike> [15:38] <LS_Bill>http://www.linnsoft.com/dl/osx/irt_osx_822.dmg
5:46 pm:<Mike> [15:39] <LS_Bill>8.2.2 is a maintenance release with some fixes developed over the past week.
5:46 pm:<LS_Bill> then, to setup IRT to use IB, use the File-->Reconfigure command
5:46 pm:<David> okay, thks
5:47 pm:<LS_Bill> You can tell when you have the IB version run, there will be an IB menu on the main menu bar.
5:47 pm:<LS_Bill> vs a DTN.IQ menu if you have that version running.
5:47 pm:<David> yes, I see DTN.IQ now
5:47 pm:<David> no hurry still have DTN for next month
5:47 pm:<LS_Bill> Cliff, the custom insturment facility will do the "summation" part of this
5:48 pm:<David> thanks and gn
5:48 pm:<LS_Bill> so you sum the custom indicator +1 or -1 values for the 100 instruments
5:48 pm:*** David has left
5:48 pm:<Cliff> Excellent, Bill, I'll check out the link and try to get a more complete understanding of this
5:49 pm:<LS_Bill> look at the "value" menu in the custom instrument setup
5:49 pm:<LS_Bill> you would use say P1 as the value to sum for each instrument in your list of 100
5:50 pm:<LS_Bill> where P1 is setup to use that custom indicator I gave you above.
5:50 pm:<Cliff> It sounds like the really simple rule is If you can display the data, you can do calculate the data
5:50 pm:<LS_Bill> P1 thru P8 are what we call "custom prices"
5:50 pm:<LS_Bill> see Setup: Preferences: Prices,Custom
5:51 pm:<Cliff> that should have been "If you can display the data in I/RT, you do calculations with the data in I/RT"
5:51 pm:<LS_Bill> so in essence the P1 value of those 100 stocks can be summed into a custom instrument
5:52 pm:<Cliff> p1 thru p8? wouldn't I just be using p1
5:52 pm:<Mike> i tried in past to plot the sum over day different in advancing vol - dec vol but I could never match what other person had
5:53 pm:<Cliff> I'm confused there Mike
5:53 pm:<Cliff> 'you were trying to plot what?
5:54 pm:<Mike> something different is all did not mean to confuse
5:54 pm:<LS_Bill> right, using just P1
5:54 pm:<Cliff> Mike, you were trying to do math on Advancing and Declining Volume? Is that correct?
5:55 pm:*** MPx has left
5:55 pm:<Mike> yes
5:55 pm:<Mike> SPort person had it
5:55 pm:<Cliff> and are you saying it didn't work correctly
5:55 pm:*** MPx has joined us
5:55 pm:<LS_Bill> IRT keeps track of the number of ticks each instrument has at the bid or ask
5:55 pm:<LS_Bill> www.linnsoft.com/search then search on BTICK ATICK
5:55 pm:<LS_Bill> for more info
5:56 pm:<Cliff> IRT also keeps track of volume on the bid and on the ask does it not bill
5:56 pm:<LS_Bill> it would be nice to sum those number of 100 stocks
5:56 pm:<LS_Bill> yes it does BVOL and AVOL too
5:56 pm:<Cliff> have you experimented with that data much Bill, it strikes me it could be really useful
5:56 pm:<Mike> they can be plotted also Bill?
5:56 pm:<Cliff> especially by way of identifying turning points
5:57 pm:<LS_Bill> those values appear in the "Value" menu in the setup for cusotm instruments
5:57 pm:<Mike> I'd love to plot that stuff Bill?
5:57 pm:<LS_Bill> so you can sum or average those numbers for some universe without having to define any custom indicator at all
5:57 pm:<Cliff> I assume you can pretty easily calculate the ratio of BVOL to AVOL
5:57 pm:<LS_Bill> might be a useful statistics
5:58 pm:<Cliff> very useful statistics if I'm understanding you correctly
5:58 pm:<Mike> to plot I need to do as a custom indicator I recall
5:58 pm:<LS_Bill> yes custom indicator BVOL/AVOL can be added to a quotepage
5:58 pm:<MPx> that AVOL-BVOL was my idea ;-)
5:58 pm:<Mike> and to a chart
5:58 pm:<Cliff> and plotted I assume
5:59 pm:<LS_Bill> well, to plot it you need a mechanism to record the value every so often
5:59 pm:<MPx> yes as a custom prices when added to the symbol in question
5:59 pm:<LS_Bill> a custom instrument can do that implicitly
5:59 pm:<LS_Bill> implicitly
5:59 pm:<Mike> perfect
5:59 pm:<Cliff> Cool
5:59 pm:<MPx> theres a link on the website on how to do it
5:59 pm:<Cliff> now back to the statistic you were contemplating
5:59 pm:<LS_Bill> http://www.linnsoft.com/new/index76.html
6 pm:<LS_Bill> that has the write up on doing that cliff
6 pm:<Cliff> it would simply be a summation of directional movement in a defined universe?
6 pm:<MPx> it was meant to replace the $75 month Market Delta people were charging for the same thing minus the charts
6 pm:<Cliff> Market Delta?
6 pm:<MPx> yeah ask traded - bid traded volume
6:01 pm:<MPx> net of the two
6:01 pm:<MPx> showing you the order flow
6:01 pm:<MPx> of the net trades coming in
6:01 pm:<LS_Bill> I have to run. I'll leave my chat window open so you can keep going on this and it gets posted to web site
6:02 pm:<LS_Bill> nite all
6:02 pm:<MPx> nite
6:02 pm:<Cliff> Goodnight
6:02 pm:<Cliff> MPx, was it a cumulative indicator
6:02 pm:<MPx> yes
6:02 pm:<MPx> well depnds how you set it up
6:03 pm:<Cliff> interesting, we're folks having good luck with it?
6:03 pm:<Cliff> and I guess it accumulated throughout the entire trading day
6:03 pm:<MPx> yes I used it all the time
6:03 pm:<MPx> shows me the aggressor at what level
6:04 pm:<Cliff> for stocks and futures
6:04 pm:<MPx> sure
6:05 pm:*** Hayden has left
6:05 pm:<Cliff> so when it switches from - to + it was a sign that buyers were stepping in
6:05 pm:*** gloveday has left
6:06 pm:<MPx> no no
6:06 pm:<MPx> it will move like it's ow chart
6:06 pm:<MPx> own
6:06 pm:<MPx> showing yo u the net of ask- bid trades
6:07 pm:<Cliff> right, so when + there's been more on the ask than on the bid
6:07 pm:<MPx> u can plot a regular looking chart of the AVOL-BVOL of ES for example
6:07 pm:<Cliff> OK
6:07 pm:<Cliff> a line chart I assume
6:08 pm:<MPx> 500 lot on ask and 1200 on bid the chart will go up like a regular price move except the move will be reflected in volume instead of a price in the scale
6:08 pm:<MPx> any chart you want
6:08 pm:<MPx> candle bar TPO
6:08 pm:<MPx> doesn't matter
6:09 pm:<Cliff> just to clarify is AVOL the accumulated volume actually traded at the Ask?
6:10 pm:<MPx> yes
6:10 pm:<Cliff> over the course of the day
6:10 pm:<Cliff> of the entire day
6:10 pm:<Mike> AVOL accumulates the trade volume for trades that occur at or above the current ask.
6:10 pm:<MPx> whatever you set your session to yes
6:10 pm:<Mike> http://www.linnsoft.com/new/index76.html#New%20QuotePage%20Columns/RTL%20Tokens
6:11 pm:<Mike> read there Cliff
6:11 pm:<Cliff> when you say the current ask you mean the ask at the time of the trade, correct?
6:11 pm:<Cliff> I think I've got it, I just want to be sure
6:11 pm:<MPx> http://www.linnsoft.com/qa/a/77.htm
6:12 pm:<MPx> thatthe correct link
6:12 pm:<Cliff> cool I'll take a look at the links
6:12 pm:<Cliff> any reason to use a +/- as opposed to a ratio?
6:13 pm:<MPx> the AVOL-BVOL = the ratio
6:13 pm:<MPx> net= ratio
6:14 pm:<Cliff> I'm sorry I thought AVOL-BVOL meant AVOL MINUS BVOL
6:14 pm:<Cliff> it means AVOL/BVOL yes
6:14 pm:<MPx> u can do either one
6:14 pm:<MPx> up to you
6:15 pm:<Cliff> OK
6:15 pm:<Cliff> it sounds like great stuff
6:15 pm:<MPx> yes
6:15 pm:<Cliff> How long have you all been using IRT?
6:15 pm:<MPx> 5 years here
6:15 pm:<Mike> me 10++
6:15 pm:<MPx> nothing more powerful
6:16 pm:<MPx> but steep learning curve foe those that use 100 scans and 5000 stocks etc
6:17 pm:<MPx> me I just use a special type of chart that I can read for order flow direction
6:17 pm:<MPx> Market Profile charts
6:17 pm:<Cliff> Yeah it seems awesome, now come one doesn't hear more about it--it seems much more powerful than what's in the commercial mainstream (e.g., RealTick, Trade Station, etc>)
6:17 pm:<MPx> TPO specifically
6:17 pm:<Mike> greatest unknown program
6:17 pm:<MPx> they don't do advertising and I don't know why
6:17 pm:<MPx> lol
6:17 pm:<Cliff> TPO = ?
6:18 pm:<Mike> just like Crested Butte Ski mountain in CO
6:18 pm:*** Terry687 has joined us
6:18 pm:<MPx> http://www.linnsoft.com/tour/tpo.htm
6:18 pm:<Cliff> Any caveats you experienced users want to offer?
6:18 pm:<MPx> ok guys I got to eat supper
6:19 pm:<Cliff> To me it seems too good to be true, so I keep thinking I must be missing the downside :-)
6:19 pm:<MPx> steep learning curve
6:19 pm:<MPx> to fully use the power of the program
6:19 pm:<Cliff> sure, but that's probably true everywhere and here it sounds like the curve's worth climbing
6:20 pm:<MPx> yes
6:20 pm:<Cliff> Cool, thanks for all your help here guys, I'll see you next week
6:21 pm:<MPx> cioa!