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Friday, February 05, 2010

Re: Fw: [Technical-Investor] OT: Survey on Live Charts in Broking Houses

 

>> Many utilities are available which import    Yahoo and even Google Data for spot charts into AMI and MS. Also if you have a ODIN it can import from the ODIN data folder. AND YES they are free for life.

If you can share more info regarding the same including way to set it up easily, I feel that a lot of members can be benefited.

Cheers

Prashanth 

On Fri, Feb 5, 2010 at 3:57 PM, Murtaza Attari <stocks.murtaza@gmail.com> wrote:
 

Inline information ....
 
----- Original Message -----
Sent: Friday, February 05, 2010 3:23 PM
Subject: Re: [Technical-Investor] OT: Survey on Live Charts in Broking Houses

Hmmm..

To be frank, I expect most Internet Based Traders / Investors to have some kind of charting infrastructure, either provided by the broker or one's own. Afterall, traders who trade full time have to treat this as they would do for any other business and hence invest in whats necessary.

Yes, broker charts are limited in nature since more detailed charting costs the broker more money in terms of bandwidth usage and hence generally limit number of days that intra-day can be viewed to as low as possible.

My own terminal provides only current day charts. Nothing more. No Indicators / Oscillators. Heck, even for drawing a trend line, I have to use Print Screen to copy chart to Paint and then draw the lines.

Theoretically Yahoo data should have been cheaper, but most Yahoo based data providers have made it seem like a monthly pension scheme. We at DTM are working on a project towards doing away with monthly and instead have a small one time fee for providing a software that lets you access Yahoo for data and import same into your charting software. 
 
Many utilities are available which import Yahoo and even Google Data for spot charts into AMI and MS. Also if you have a ODIN it can import from the ODIN data folder. AND YES they are free for life.
 
 
 

>> I'm silent member. what i miss is response. none of my post got response. may be it's not worth to response by so talented and sincere members, but still expect to. it makes some difference. don't mind till i get some real gems info.
Please do not feel that your posts are ignored. Its just that some posts get reaction, some don't. Does not have to do with the caliber of the member who writes the post. 

Of the 5K odd members here, I feel that atleast 1000 of them will be regular readers and would have read most if not all posts. 

Members respond to posts where they have either a counterpoint or would like to add to the point that's being said. Sometimes, if there is no point to add, its just read without any response provided.

Cheers

Prashanth




On Fri, Feb 5, 2010 at 3:02 PM, PRS PTL <galaxypvhd69@yahoo.co.in> wrote:
 

dear Prashanth, nice to read your posting. it's real eye opener. my broker is providing live charting software if odin is worth it. I'm subscriber to angel. they provide monthly, weekly, daily, intra chart with bunch of technical parameters on diet. although not satisfactory, often malfunctions due to upgrade, back-testing by vendor. another thing missing most is lack of tick-by-tick chart more then one day. can't see intra chart with historical predefined time frames chart. have to match intra chart with historical intra chart provided by icharts. will like to know about trade racer by icici direct comparing to these. thnks and regards.

PS : I'm interested in TA rather then getting ready made tips. studying info-educative mails from groups like this one from some time. I'm silent member. what i miss is response. none of my post got response. may be it's not worth to response by so talented and sincere members, but still expect to. it makes some difference. don't mind till i get some real gems info.

From: Prashanth K <prash454.ta@gmail.com>
Sent: Fri, 5 February, 2010 12:31:42 PM

Subject: [Technical-Investor] OT: Survey on Live Charts in Broking Houses

 

Hello,


For last couple of days I have been wondering about this question. Question is, how many Broking houses have Live Charting Software for use by Dealers / Clients?

I have visited various broking offices and am yet to find one with Live Charts. Many do not even have even Offline Charting. Among the only brokers I know who have Live Charting software in their offices are those of Sainik, Sriram and myself other than a couple of guys whose offices I haven't visited but know for a fact that they have MetaStock. In fact at BgSE where I sit, I am the only one with a Charting Software and a dedicated system for the same among as many as 100+ terminals.

This amazes me since you ask any Dealer or Broker and he will always give you some or the other levels. But ask about charts and the best thing some do is guide you to Internet and Yahoo Free Charts. Many lack even that option.

So, this brings me to the question, Is the Investor / Trading / Broking community not much interested in Technical Analysis? 

What has been your experience. If you trade through a broker and he does not have a charting software, what his excuse?

As I mentioned the other day and Sriram confirmed it with a live example he had, are most traders / investors more interested in handouts rather than knowledge? Are most brokers really trying to fool the Investor and hence spreading a bad name not only for the Broker community but also methods such as TA.

Cheers

Prashanth



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