Highs and lows

This is a discussion on Highs and lows within the Data Feeds forums, part of the Methods category; Hello, Can anyone tell me whether the high and low of EOD data for equities represents the highest and lowest ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 8, 2005, 10:36pm   #1
dod
 
dod's Avatar
Joined Jan 2003
Highs and lows

Hello,

Can anyone tell me whether the high and low of EOD data for equities represents the highest and lowest mid prices for the day or the highest and lowest bid and offer prices?

I ask because I've had it confirmed by IG Index that their stops and limit orders are activated when the mid price of a share reaches the relevent price; whereas D4F say their stops and limits are triggered by their bid or offer price.

Nick
__________________
All flesh is as grass
dod is offline   Reply With Quote
Old Mar 9, 2005, 2:56am   #2
Joined Nov 2003
Basically in the real market you get a bid.(sell) and (offer) buy. the high of the day is the highest offer and low of the day is the lowest bid. that simple.

But with spread bet firms they all got diffrent rules. You need to look more in to it. They all offer something different.you could ask them I only want to get stopped out if the underlying market (real market ) hits your stop not their quote. I know finspread offer this but they will add their spread on top.
cj12 is offline   Reply With Quote
Old Mar 9, 2005, 5:24am   #3
Joined Jul 2003
The High/Low of any period is the Highest and Lowest level at which a physical trade actually occurred in the market for that instrument during that period.

SB firms quote their own prices which are quite independent (!) of the underlying instrument they track.
TheBramble is offline   Reply With Quote
Old Mar 9, 2005, 10:17am   #4
dod
 
dod's Avatar
Joined Jan 2003
Highs and lows

dod started this thread Thanks. So the low of each EOD data day represents the lowest bid of that day, and the high the highest offer, in the real market.

Whenever I've checked D4F's prices on UK equities seem to be pretty much identical with those quoted by regular brokers. IGs are too, but they add their spread on top. However, I don't trade UK shares intraday so it's quite possible I've missed the occasions when their prices move out of line.

D4F claim they only trigger a trade when there's one in the underlying market; but I'll reserve judgement on whether that's the case.
__________________
All flesh is as grass
dod is offline   Reply With Quote
Old Mar 9, 2005, 1:51pm   #5
Joined Jul 2003
Quote:
Originally Posted by dod
Thanks. So the low of each EOD data day represents the lowest bid of that day, and the high the highest offer, in the real market.
No. The low of the day is the lowest price at which it traded - not the lowest price that was bid. The high of the day is the highest price that it traded -- not the highest ask/offer.
TheBramble is offline   Reply With Quote
Old Mar 9, 2005, 2:38pm   #6
dod
 
dod's Avatar
Joined Jan 2003
Highs and lows

dod started this thread Aha. Thanks for emphasising that distinction.
__________________
All flesh is as grass
dod is offline   Reply With Quote
Old Mar 14, 2005, 11:39am   #7
 
pro_trader's Avatar
 
3 Posts
Joined Mar 2005
D4F have been known to execute orders in their favour and make a quick buck of their clients. Not the most freiendly broker in the market. I have to say.

Check the liquidity of the stock on ADVFN level 2 before you place a stop.
1. See if there is reasonable volume for the size of transaction you are placing the stop for.
2. Check to see if this stock gaps on a daily basis or is there trading volume from one price point to the next.

- Caveat Emptor
__________________
The Truth makes all the difference
pro_trader is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Delta phenomenon - highs and lows Verno Trading Systems 5 Apr 18, 2012 12:32am
Analysis just on highs/lows Cableguy Technical Analysis 0 Aug 3, 2005 10:55am
share info - todays, and 52-week highs and lows petertdenton Stocks 0 Dec 22, 2004 9:58am
Higher Lows and Lower Highs Roberto Trading Systems 16 Dec 12, 2004 12:10am
DJ's highs & lows genti Data Feeds 7 Jul 27, 2003 5:18pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)