1
votes
Rollover Spike removal
submitted by bc_varney 7 months, 7 days ago

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Every currency goes through rollover every day at 1700hrs.     The biggest problem with rollover is sometimes the price suffers wide price swings.   When a currency experiences a price spike up or down it destroys the readability of the chart.   because the spike takes up so much room

Suggestion:    Add a spike removal ( both up & down)to the list of action the trader can do when he right clicks on the chart.  

Since the spike is an aberation  ...... .. I want it deleted so it doesn't destroy the charts.   

See a spike down on the EUR/USD below:  This spike is about 75 pips deep. 

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Users who voted for this idea:
bc_varney

Comments:
Please email me examples to ceo@ so I can see these spikes. Without seeing them I would suggest IF its really annoying to use tick charts. Look forward to the email.
R
posted by ross_ditlove 7 months, 7 days ago
Changing to tick based charts would not solve the original posters problem.

The "spikes" the original poster describes are bad ticks. I use NinjaTrader which allows editing (or filtering) of bad ticks. NinjaTrader gets data from Desktop. If I leave Desktop and NinjaTrader running during rollover, I often see bad ticks during roll over. There is something happenings during rollover that causes bad ticks to be thrown by Desktop, which end up in NinjaTrader's locally stored historical database. I just disconnect during rollover and use the time to backup my own installation, but if I do get a bad tick I can edit it in NinjaTrader, as one can do in most software packages.

Two possible solutions would be first to allow Desktop only users the ability to edit out the bad ticks like the original poster describes, as one can do in most software packages. Or, maybe we can have the quote server stop broadcasting ticks until the rollover is complete, eliminating these bad ticks from ending up drawing in deslktop's charts.

NinjaTrader builds a local historical database... I have no idea how desktop deals with historical data. In NinjaTrader, when I want to edit a bad tick, I am editing my locally stored historical database. I have made use of the new downloadable tick data MB is now providing (Many Thanks), and after looking extensively at all of this years EURUSD data, I can see that the ticks between 4:58:59 and a couple minutes after 5:00 are not included in the downloadable historical data, and bad ticks during that rollover timeframe do not exist in the downloadable historical data because ticks during rollover have wisely not been included.
posted by Crassius 7 months, 1 day ago
we need reliable price data, NOT filtered price data, so PLEASE no artificial price filtering !!! And no, there are no "bad ticks" if data source is reliable and spikes are normal phenomenon, don't mess with that! I see above posts more in incompetence area...
posted by AndrewsFX 5 months, 10 days ago



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