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Old 02-01-2010, 02:05 AM
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investigate Market Delta Users

Hello Guys


Anyone on this forum using MarketDelta ?
(MARKETDELTA :: HOME)

They support Esignal and IB datafeed (I guess this are the major feed for us indian users).

I plan to take a trial for it ...wanted to get users experience before trying it out.

Regards
Stumper.
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Old 02-01-2010, 11:13 AM
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MD is known for Foot Print, though I use it for Market Profile.
Good sw for MP and FP.
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Old 02-01-2010, 12:52 PM
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Originally Posted by stumper View Post
Hello Guys


Anyone on this forum using MarketDelta ?
(MARKETDELTA :: HOME)

They support Esignal and IB datafeed (I guess this are the major feed for us indian users).

I plan to take a trial for it ...wanted to get users experience before trying it out.

Regards
Stumper.

Its used widely by almost all the MP practioners here, lot of MD charts on the MP section.
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Old 02-01-2010, 01:18 PM
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Edakad / JJ

Wanted to know your feedback on FootPrint charts :
1.Does it bring in any value addition .. or it more distracting ?
2.Considering i have esignal feed ... does it makes sense to go with marketdelta (Esignal does not provide tick data for NSE as of now).I Belive footprint charts need tick data?
3.MP is available with AmiBroker also? .. I guess with esignal also. Why specifically use marketdelta?


Thanks for your informative posts.

Regards
Stumper.
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Old 02-01-2010, 01:57 PM
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Originally Posted by stumper View Post
Edakad / JJ

Wanted to know your feedback on FootPrint charts :
1.Does it bring in any value addition .. or it more distracting ?
2.Considering i have esignal feed ... does it makes sense to go with marketdelta (Esignal does not provide tick data for NSE as of now).I Belive footprint charts need tick data?
3.MP is available with AmiBroker also? .. I guess with esignal also. Why specifically use marketdelta?


Thanks for your informative posts.

Regards
Stumper.

Depends whether you can read FP charts for it to be useful or not. They are useful to fine-tune entries but not to find entries.

FP needs tick data.

MP in MD has more options and better visualization.
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Old 02-01-2010, 02:09 PM
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Originally Posted by stumper View Post
Edakad / JJ

Wanted to know your feedback on FootPrint charts :
1.Does it bring in any value addition .. or it more distracting ?
2.Considering i have esignal feed ... does it makes sense to go with marketdelta (Esignal does not provide tick data for NSE as of now).I Belive footprint charts need tick data?
3.MP is available with AmiBroker also? .. I guess with esignal also. Why specifically use marketdelta?


Thanks for your informative posts.

Regards
Stumper.

Yes your belief is right. Footprint charts does require tick data.
And NSE has started to provide this Tick data at no additional exchange charges etc. to the registered data providers. But esignal does not seems to be too serious about providing this tick data any soon They are still giving out the snapshot data of 1 sec resolution.

If more and more customers start to ask for the tick data then they might speed up the process a bit. My perception might be wrong, if they are determined to stick with this 1 second snapshot data.

Stumper I think you should directly contact esignal for this Tick data issue, and with this tick data the MD will definitely give out better information then current status.

Regards
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Old 02-01-2010, 04:24 PM
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Originally Posted by JJ View Post
Depends whether you can read FP charts for it to be useful or not. They are useful to fine-tune entries but not to find entries.

FP needs tick data.

MP in MD has more options and better visualization.






Hope JJ's point is appreciated by above 2 charts

In first chart System indicates :Short: signal .
Price starts moving up.. creating doubt about the validity of Short signal
However, look at FP chart. The delta remains negative meaning , sellers
are dominating and may be trapping the bulls
And subsequently the price falls
This is the usefullness of FP charts

And here is a surprise for you... This Foot Print chart is constructed
using 5minute data (And not tick data)
Interactive brokers provides minute data (& not tick data)

Hope things r made clearer for u
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Old 02-01-2010, 08:51 PM
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Originally Posted by Ajax i4u View Post





Hope JJ's point is appreciated by above 2 charts

In first chart System indicates :Short: signal .
Price starts moving up.. creating doubt about the validity of Short signal
However, look at FP chart. The delta remains negative meaning , sellers
are dominating and may be trapping the bulls
And subsequently the price falls
This is the usefullness of FP charts

And here is a surprise for you... This Foot Print chart is constructed
using 5minute data (And not tick data)
Interactive brokers provides minute data (& not tick data)

Hope things r made clearer for u

Hi Ajax

Thanks for your valuable input's. Are you suggesting i can utilize footprint chart effectively even with the minutes data (I guess you are also using Volume Breakdown Indicator in the snapshots)?

One of the reason im contemplating footprint charts is to validate breakout's. I usually trade consolidation breakout (on corrections ). I don't use any other indicator besides volume(usually relying on bar to bar analysis). But volume as it is does not protect me from false breakout.FootPrint charts, from what i can make out, can be a potential way to check false breakout's. Specifically the delta information can be a used as indicator. Also volume breakup on each bar is useful for guy like me who depends on bar by bar trading.

I was worried on two fronts , one being , being simplistic was worried about introducing any form of complexities in the way i trade (I really dont work with MP ).

Second was that esignal does not provide tick data for NSE... and i was led to believe that Footprint charts need tick data.

I guess both the points have been clarified.

Thanks to all who replied.
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Old 02-01-2010, 09:13 PM
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Keep in mind, there is no footprint with minute data, its simply wrong

Another thing, eSignal does provide tick data.
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Old 02-01-2010, 09:50 PM
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Originally Posted by JJ View Post
Keep in mind, there is no footprint with minute data, its simply wrong

Another thing, eSignal does provide tick data.

Mate, confusing. You are saying that although i can build a footprint chart using minutes data -- its is effectively wrong/misleading/incorrect?

eSignal started tick data for NSE? .... thats news to me.
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