Trade/Bid/Ask

Questions about MultiCharts and user contributed studies.
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t-rader
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Trade/Bid/Ask

Postby t-rader » 08 Mar 2011

Hi,

I am unsure of the best "Quote Field" to use on my charts in Multicharts.
I currently use 'trade'. My mate says I should use 'Bid' (for no real reason).

Is either setting better than the other?

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Dave Masalov
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Re: Trade/Bid/Ask

Postby Dave Masalov » 08 Mar 2011

A bid price is the price that a buyer (i.e., bidder) is willing to pay for a good. Ask price, is a price a seller of a good is willing to accept for that particular good. Trade price is the price of actual trade (usually between bid and ask).

http://en.wikipedia.org/wiki/Bid_price

http://en.wikipedia.org/wiki/Ask_price

What type of data to use depends on your needs.


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