FAQ - PriceSquawk

FAQ

How do I install PriceSquawk with NinjaTrader?

You do NOT import PriceSquawk like you would a standard NinjaTrader indicator. Simply close NinjaTrader and run the install file you were emailed.  Then when you open NinjaTrader you can add PriceSquawk as an indicator to any chart. This will open up a PriceSquawk window with the default settings (and start your 7 day trial).  We recommend running PriceSquawk on its own chart. You can run up to 15 PriceSquawk windows side by side if you want to listen to multiple instruments.

What is the best instrument to listen to?

The examples are either using Electric Piano 1 or Woodblocks for trade sounds. Both these instruments give a clear pitch differentiation. There is no ‘best’ instrument though as it depends on the listener experience.  You can choose from more intense, sharper sound effects out of the drum and percussion instrument options, or if you want a more subtle sound, try Clarinet or Electric Piano 1, and set the Note Duration to 10. For electronic sounds use the Lead, Pad or FX options with Duration set < 10.

Why are there more Alert sound options?

Alerts use their own sound effect, and there are more options to choose from because you can select from a range of percussion instruments, which we cannot vary the pitch like we do with the trade sound effects.

What settings should I use?

PriceSquawk Config

Using PriceSquawk for the first time is similar to if you were to open a price chart for the first time.  It is a  flexible tool for conveying market information.  You can set it however you like but we recommend for getting familiar with Audible Markets trying the following  PriceSquawk settings for your market of choice:  Enable Trade Sounds, Alert Sounds and Volume Control from the Sound Menu. Select Electric Piano 1 as the main instrument in the Config Tab. Set Duration to 10 and Auto Center to 15 ticks. Enable Stereo Effect.  Tick the Enable Use Accumulated Volume and Time Window Check-boxes.  Then look at a one minute chart volume to estimate some useful Minimum, Middle and Maximum values for Volume Control. Check  out these blog posts on using PriceSquawk.

Why should I listen to my markets?

To constantly observe the order flow across multiple markets simultaneously without straining your eyes.  To sit back when market conditions don’t sound great for opportunities and to tune in when conditions are ideal.  To get in the zone by being immersed in a real-time market environment.  So you don’t miss key market order flow events such as block trades, iceberg orders and smackdowns.  To get in the flow with your market in a way not possible from reading numbers on a screen.  To trade in the moment by listening to the present market conditions for making decisions… to increase trading performance and many more reasons.

What is PriceSquawk?

It is an Audible Tape, an Audible Order Flow Meter, an Audible Bid / Ask Strength Meter, an Audible Price Action tool, a convenient Alert Tool.  It is a complete Market Sonification tool that converts core market information into sound, so that you could theoretically trade without screens with some order entry hotkeys… or use as an additional dimension for observing markets in your trading plan.

Why is PriceSquawk unique?

No other tool lets you distinguish Price, Volume and Bid / Offer market information using sound.  It is the only Audible Tape, Audible Order Flow, Audible Bid / Ask Strength and Audible Price Action tool in one.  It is the only Market Sonification tool that lets you configure the Sound itself to suit your listening preference.

Can I use PriceSquawk to trade purely using sound?

We think so! For trading purely from Order Flow you have all the information you need via PriceSquawk audio.  We are starting to experiment in simulation mode with pure audible trading and immediately notice the ease of trading without all the information on the screens.. of course there is useful Level 2 data that can only be viewed in the DOM, but with just 100% pure audible order flow and enough experience it should be possible to profit from sound alone.  Get in contact with us   if you want to discuss this exciting prospect.

Can I get another Trial period?

Contact Us with your License details and / or NinjaTrader machine ID and we will do our best to help.

When is PriceSquawk Desktop Available?

We are currently testing PriceSquawk Desktop and should have a beta available for PriceSquawk subscribers in the first quarter of 2014.

What data providers do you support?

If using PriceSquawk within NinjaTrader then we support any tick data feed NinjaTrader connects to.  If you can see live tick charts in NinjaTrader then PriceSquawk will work.  If you do not have a tick data feed then sign up for a CQG trial here.   PriceSquawk desktop will initially support IQ Feed, CQG Client and TT Fix.