Questions about MultiCharts and user contributed studies.
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Postby t-rader » 08 Mar 2011


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).

What type of data to use depends on your needs.

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