Esignal Vs Tradingview

[Glendora Spink]

Inpart 1 of a three-part series focused on differences between traditional EMAs and relative strength-based EMA indicators, author Vitali Apirine introduces the relative strength exponential moving average (RS EMA). The study is designed to account for relative strength of price and is considered a trend-following indicator that can be used in combination with an EMA of the same length to identify the overall trend. RS EMAs with different lengths can define turning points and filter price movements.

This article is for informational purposes. No type of trading or investment recommendation, advice, or strategy is being made, given, or in any manner provided by TradeStation Securities or its affiliates.

To discuss this study or download a complete copy of the formula code, please visit the EFS library discussion board forum under the forums link from the support menu at www.esignal.com or visit our EFS KnowledgeBase at www.esignal.com/support/kb/efs. The eSignal formula script (EFS) is also available for copying & pasting below.

Without investing much effort, we created a trading system in a few clicks in just a few minutes of time (Figure 4). Figure 5 shows characteristic trades in the times of uptrends, trading ranges, and market corrections. Does the idea has merit? Further backtesting and walk-forward analysis would help shed light on it.

Brokers don't offer exchange prices and don't try to offer mirrored prices they aim to track exchange prices and offer what is available to them from their liquidity providers. If you want to trade on the exchange you need to put up x million dollars and provide business references to apply, you could trade though a DMA platform but even then you are paying the broker's spread.

Brokers prices don't 'lag' the exchange, sometimes they are better but what does that mean in a 2 way market? I've spent odd days watching live prices between broker and exchange and there is no consistency in any lag, they look like they are orbiting each other as they move upward or downward, if that wasn't the case and there was a constancy of difference you could profit from arbitrage.

If you want to trade on the exchange you need to put up x million dollars and provide business references to apply, you could trade though a DMA platform but even then you are paying the broker's spread.

To trade futures you can start with as little as 500USD. When you are opening a futures trade account you are asked about your wealth and trading experience because of the leverage, based on that they can refuse to open an account with you because are deemed risky. Absolutely no business references because you open as an individual.

When you are trading on the exchange you are trading "DMA" by nature and you dont pay any "broker spreads" instead you pay commissions. You would only pay the spread between the bid and ask if you buy or sell at market. The spread is usually the minimum tick price for that security to move, on the ES is 0.25.

no you have misunderstood the point I was making. IG trades on the exchange, we all trade through a broker. We don't trade directly on the exchange or trade the exchange's quoted prices. That was the point I was making in reply to the OP's question. I was not talking about opening an account with a broker, to trade on the actual exchange needs the backing of millions for example a seat on the NYSE changes hands for around 5 million if memory serves.

Talking semantics when you say they don't offer mirror prices, but aim to track exchange prices. ASX200 price is just the weighted components of the 200 stocks that have defined exchange prices. It is not an index with no underlying basis. Futures prices ebb and flow between premium and discount to cash; but not sure why IG's XJO should do the same with the actual price...we're talking about 15 points currently, which is not insignificant.

This just happen to me today

using trading side by side my order got hit at 3040 at IG and then rebounded

However on tradingview the price never went down below 3060. Thats 20 points difference. It literraly hunted my order then bounces back, now it is following close to the order price at trading view.

Is this reportable?

1 to 2 points sure, but 20 points??? just to hunt my sell order?

How?

The prices listed on the exchange are the best bid/offer of those trading on the exchange. Many times I've had the exchange panel up next to the brokers panel for days at a time, as as I've said in other threads the prices orbit each other, they don't mirror or lead or lag, often they separate by 5 points for a few seconds before coming back together, less frequently by 10 points and yes occasionally by 20 but seldom and it only lasts for a second or two. In a 2 way market this temporarily advantages one side or the other but not the broker.

Brokers provide prices to their clients, if you want to compare prices you should look at prices you can actually get and that's from another broker not the exchange. If you find another broker that you think is better then the solution is obvious.

but IG has over 100,000 clients, they've not singled you out and are studying your stop positions but someone else might be. I've not looked at your charts but to describe a classic short squeeze. If a big player wants a lot of buy contracts around a certain low a good way to get them without constantly bidding the market up is to first force price down to trigger stops below the low and then start buying them up, sure they lose a bit forcing price down but with all those contracts back on the market and now in their possession the gains from a big move up will more than compensate the initial loss.

The problem as a trader, is your levels and stops are based on actual real prices from the exchange. To the degree that IG's Australia 200 cash reflects the same levels within a few points, everything is fine. Where they differ significantly, makes any levels for entry, stops, TP and chart retracement levels pointless.

not really, we are called retail traders for a reason, we are involved in the retail market and not the wholesale market because we're too small to participate, we're reliant on brokers to trade through (not with). Brokers give us access to markets we would not normally be able to trade on but we can only trade the prices that the broker can offer. The broker is dependent on prices from their liquidity providers, the broker may aim to 'track' an underlying market but are limited to what is actually available, sometime a broker will stop a market (their market) simply because they are not able to quote reasonable prices.

You keep mentioning liquidity providers...this is FX speak...... IG don't make a market in a cash stock index based on liquidity providers....IF they want to hedge or reduce exposure they will use equity futures.

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