Hi all,
For tick data, I have tried trial version of true data and downloaded sample of globalfeed.
1. Truedata only provides volume and timestamp for tick data
2. Global feed provides last traded volume along with last traded price.
But both of them misses to provide whether the trade was buy or sell.
As per NSE, their tick data does consist of bought,sold,price and volume.
I do understand that tick data has huge volume and normally it is provided in consolidated fashion. But not having exact trade direction along with tick data defeats the very purpose of buying tick data.
So, my question is : Is there any vendor which provides the actual tick data, even if it is delayed by 1 min or snapshot of 1 sec or 10 sec or even 1 min .. it is fine..
But is there anyone who provides it?
My Second question:
If actual direction of trade is not available in tick data , then how come GOMI,BELL or any other plugins are able to calculate Order Flow , as direction of trade is not known, so all i am guessing is : they are making intelligent guess on which side trade was done which is wrong and it defeats the purpose of using order flow.
or are we referring order flow as DOM(Depth of market for BID/ASK ??) My understanding of order flow was to be footprint chart.
I do understand we are nowadays using these terms interchangeably.
Or is my understanding flawed somewhere?
Please help me understand or know where can i get actual tick data for NSE or if u know someone who might know, please tag them.
For tick data, I have tried trial version of true data and downloaded sample of globalfeed.
1. Truedata only provides volume and timestamp for tick data
2. Global feed provides last traded volume along with last traded price.
But both of them misses to provide whether the trade was buy or sell.
As per NSE, their tick data does consist of bought,sold,price and volume.
I do understand that tick data has huge volume and normally it is provided in consolidated fashion. But not having exact trade direction along with tick data defeats the very purpose of buying tick data.
So, my question is : Is there any vendor which provides the actual tick data, even if it is delayed by 1 min or snapshot of 1 sec or 10 sec or even 1 min .. it is fine..
But is there anyone who provides it?
My Second question:
If actual direction of trade is not available in tick data , then how come GOMI,BELL or any other plugins are able to calculate Order Flow , as direction of trade is not known, so all i am guessing is : they are making intelligent guess on which side trade was done which is wrong and it defeats the purpose of using order flow.
or are we referring order flow as DOM(Depth of market for BID/ASK ??) My understanding of order flow was to be footprint chart.
I do understand we are nowadays using these terms interchangeably.
Or is my understanding flawed somewhere?
Please help me understand or know where can i get actual tick data for NSE or if u know someone who might know, please tag them.