In a previous posting, Automated Trading Using CQG 7.4 (Trend Line Cross), I explained CQG’s Alert functionality for tracking when the price action crosses a trendline. Discussed were steps on its use for triggering notification and sending orders to the exchange when a trend line was crossed. Here, we will look at the basic Price […]
Back in March, I posted an article detailing the tracking of the traded volume at the bid price versus the ask price on price bars. Yesterday’s release of the New Home Sales created some more examples of the usefulness of tracking the traded volume at the bid and ask price for price bars.
To start, I […]
The previous post introduced the DOMTracker, which is part of the Pre-Trade Analytics group included in 7.5. This post details another study called DOMTracker Oscillator. This study is the difference between ask volume line (red) and the bid volume line (green) from the DOMTracker Study.
To review, the bid volume line (green) of the DOMTracker study […]
CQG’s upcoming release of 7.5 has a number of interesting features built upon the market transparency available from the exchange’s order book for electronically traded products. This collection of studies is dubbed Pre-Trade Analytics. The first study detailed here is called the DOMTracker. The study is only applicable to TFlow charts.
DOMTracker, as the name implies, […]
Active traders are always looking for situations to exploit in different markets. Any particular situation can be converted to one or a set of conditions. To aid traders looking at different markets for particular situations, CQG’s Market Scan can define a set of conditions, search a portfolio of instruments for those meeting the conditions, and […]
The CQG Order Ticker gives you a live view of the changes occurring in the exchange order book including trades executed, orders placed, orders canceled, and orders modified. The Order Ticker uses a scrolling window similar to the old ticker tapes for the stock market. This link leads to examples with labels of the denotations […]
CQG offers 15 different charting styles. The list includes: Bar, Candlestick, Constant Volume Bar, Equalize Sessions, Fill Gap, Line, Market Profile, No gap, Percent bar, Point-&-figure, Spread bar, Tick, TickChartSmoothing, TFlow™ , Yield bar
The choices provide traders the visual format that fits their trading style. Special charting styles include Constant Volume bars, where the bars […]
Traders using CQG can set up automated trading based on CQG’s alerts. A CQG alert can send a market order, a cancel order or a liquidate positions order to a futures exchange through CQG’s gateway.
Why use alerts? Today’s global markets offer traders many opportunities and alerts can be one way to continuously stay on top […]
Executing orders is a critical skill for traders to master. Understanding what orders are used for and how to employ them is as important as developing market analytical skills. First, some definitions for new futures traders:
Bid: An order to buy with a set price and quantity.
Jargon: “I am bidding 50 for 10.” The trader is […]
One aspect of some popular studies is the study is not normalized. That is, a study may not be range bound. For example, the Relative Strength Index (RSI) can only flash readings between zero and 100. On the other hand, the TFlow On Balance Volume (TFOBV) line is a running sum of the trades at […]