To: Dan Clark who wrote (2580 ) 6/5/1999 1:32:00 PM From: jebj Read Replies (1) | Respond to of 3216
>However, based on what I've seen in their demos, I agree about the charting - not great! - Dan Dan, I agree - it seems strange to me that both the charting programs and the trading programs have not done more to customize their charts - something every trader uses - for daytraders. I have been looking at the 1 minute charts in the different programs - Big Charts, AIQ, Qcharts, charts in Cyber and MBT and others. Basically, when you have seen one you have seen them all - there are very minor, if any, differences in them. But there is one out there that is just what daytraders need - INVESTOR R/T by Linnsoft. Although it does not show on their web site, their intraday charts have 2 additional indicators that really make them ideal for daytraders - it tracks the bid/ask right on the side of the chart with two small ticks, not numbers which one must actualy read and compute, and instead of just painting the bars every 1 minute or whatever you have selected it shows the next coming bar as it builds on a tick by tick basis as the trades go through - in red or green, of course. This gives you what you use a chart for - a VISUAL representation of everything that is going on with that stock instead of numbers. This concept seems so logical that one wonders what the designers of the other charts are thinking about. If Cyber put their red/green bars showing the MM's position on the side of this chart one could get rid of half the windows one must keep open now. The volume is also in red and green -a useful item many others do not use. I find this a very useful tool - far, far more so than the standard charts. I have only been getting an education in this industry for about a year now but from day one I have found it almost unbelievable that there is not an "all in one" program out there. Why? It just does not make sense that one must pay for Cyber's or someone elses program - which has a live feed - and then go pay someone else for a charting program and another live feed. Besides the extra drain on a computer system, it just doesn't make good, logical sense. If I were in this business having my customers going elsewhere for the tools they need is not something I would like - they may just find that someone else has a better program - i.e., your comment about Qcharts adding trading. I sent Cyber an email about adding just the intraday charts - if not the whole program - from IRT to the Cyber package. Sure hope to see that. jb