Trade/Bid/Ask

Questions about MultiCharts and user contributed studies.
User avatar
t-rader
Posts: 139
Joined: 02 Feb 2011
Location: Australia
Has thanked: 11 times
Been thanked: 27 times

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?

User avatar
Dave Masalov
Posts: 1712
Joined: 16 Apr 2010
Has thanked: 51 times
Been thanked: 487 times

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.


Return to “MultiCharts”