I represent a possibly significant move of Sierra Chart users to MotiveWave. This is driven by Sierra's push into data service provision plus some other factors but there are one or two issues with MW. I've been writing software to see what can be done but this is a bit of a show stopper from IB users.
IB provide two data feeds.
The original one provides snapshots of the current price and is quite responsive but can miss the odd tick. The second one is a 5 second true data bar which does include all prices but is only transmitted at the end of each 5 second bar.
Motivewave draws its historical data from the 5 second feed so it's accurate and includes all m1 bar highs and lows. But live data is purely from the live/snapshot/t&s feed so the bars may be a tick or more short of O, H, L, and C prices. The extremes are missed more often, presumably because they are fast excursions not captured by the snapshot. If bar breaks are important to your trading style then this may be costly.
In Sierra you can run the charts collecting True data (5 sec) and then run a dll to write the TD corrected with the snapshots. That means you get correct prices from the TD and you get "instant" responsiveness from the live/t&s feed.
Is there are way that charts can be written with 5 second data with MotiveWave? Better still can they be written with combined data (or can access to both be provided for user paintbar studies to write bars that are both fast and correct?
At the moment the only workaround is to reload the chart to correct the bars for good decision making.
John
IB provide two data feeds.
The original one provides snapshots of the current price and is quite responsive but can miss the odd tick. The second one is a 5 second true data bar which does include all prices but is only transmitted at the end of each 5 second bar.
Motivewave draws its historical data from the 5 second feed so it's accurate and includes all m1 bar highs and lows. But live data is purely from the live/snapshot/t&s feed so the bars may be a tick or more short of O, H, L, and C prices. The extremes are missed more often, presumably because they are fast excursions not captured by the snapshot. If bar breaks are important to your trading style then this may be costly.
In Sierra you can run the charts collecting True data (5 sec) and then run a dll to write the TD corrected with the snapshots. That means you get correct prices from the TD and you get "instant" responsiveness from the live/t&s feed.
Is there are way that charts can be written with 5 second data with MotiveWave? Better still can they be written with combined data (or can access to both be provided for user paintbar studies to write bars that are both fast and correct?
At the moment the only workaround is to reload the chart to correct the bars for good decision making.
John
Last edited: