Plotting 'Mid' Price on IB Ideal Pro forex data

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DibsTrader
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Plotting 'Mid' Price on IB Ideal Pro forex data

Postby DibsTrader » 28 Mar 2012

Hi, I'm looking to plot forex charts using the mid price from IB Ideal Pro forex data (referred to as 'last' in IB TWS). I checked the chart quote field options in MultiCharts and I can't locate any option that will allow this: The three choices are bid, ask or trade. Trade is the same as ask, so just 2 options. Charting off the bid / ask is not good as spikes distort the chart if the bid / ask widens significantly as it does on news release. Is there any way I can get MC to plot charts using Ideal Pro mid price (TWS last quote)?

Thanks a lot for any help.

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Henry MultiСharts
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Re: Plotting 'Mid' Price on IB Ideal Pro forex data

Postby Henry MultiСharts » 28 Mar 2012

Hello DibsTrader,

"Last" price in IB TWS is not the actual Trade size.
In MultiCharts Ask price is equal to Trade size because IB API is not providing the Trade price for Forex symbols.

DibsTrader
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Re: Plotting 'Mid' Price on IB Ideal Pro forex data

Postby DibsTrader » 29 Mar 2012

Yes, 'last' in IB TWS Ideal Pro Forex is the mid price (they recently changed this). I would like to plot IB Ideal Pro forex charts in MC using this mid price. There is a setting in IB TWS chart parameter configuration which allows Ideal Pro Forex charts to be plotted based on mid price, is it possible in MC?

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Henry MultiСharts
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Re: Plotting 'Mid' Price on IB Ideal Pro forex data

Postby Henry MultiСharts » 30 Mar 2012

DibsTrader wrote:Yes, 'last' in IB TWS Ideal Pro Forex is the mid price (they recently changed this). I would like to plot IB Ideal Pro forex charts in MC using this mid price. There is a setting in IB TWS chart parameter configuration which allows Ideal Pro Forex charts to be plotted based on mid price, is it possible in MC?

That is not possible to use mid price in MultiCharts.
Currently we do not plan to add such functionality.


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