Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/14/2005(UTC) Posts: 65 Location: Cocoa, Florida
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Does anyone else have this problem? I have had this happen a few times lately. ENTU is a good example. MS shows yesterday's volume at 420,841 but the actual volume was 1.1 million...that's quite a difference and can cause someone to miss out on a good buy especially when it makes the difference between above or below average volume.
I guess the problem is really with Reuters data but it's the same company and it's still frustrating when I shell out close to $3000.00 (with plugins) for MS and I have to rely on my free program from Ameritrade to verify that MS is right. When I find a difference between the 2, I then go to stockcharts.com to see which one is correct. Sometimes it's MS and sometimes it's not.
Steve B
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 9/8/2004(UTC) Posts: 2,266
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Bigcharts.com shows the same volume as metastock ... So does that make reurters correct now? ...
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/14/2005(UTC) Posts: 65 Location: Cocoa, Florida
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Bigcharts.com has the same volume as stockcharts.com and my free Ameritrade chart program:
http://bigcharts.marke[censored]ch.com/historical/default.asp?detect=1&symbol=entu&close_date=8%2F23%2F05&x=49&y=22
Metastock is the only one that has it wrong as far as I have found. I just want to find out what could possibly be the problem here to avoid it in the future so I can rely on my $3,000.00 program rather than having to verify it all the time with free programs.
Steve B
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 9/8/2004(UTC) Posts: 2,266
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Volume Data from YahooFinance
23-Aug-05 1,134,400
22-Aug-05 349,400
19-Aug-05 678,000
18-Aug-05 1,178,500
17-Aug-05 1,059,300
16-Aug-05 566,600
15-Aug-05 334,800
12-Aug-05 420,300
11-Aug-05 753,200
10-Aug-05 666,000
Volume Data on ENTU from reuters Datalink
8/23/2005 1134395
8/22/2005 349715
8/19/2005 677949
8/18/2005 1178655
8/17/2005 1059622
8/16/2005 567720
8/15/2005 334758
8/12/2005 421385
8/11/2005 793101
....
Do you use data on demand or local data? At what time did you download data if you are using local data?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 9/8/2004(UTC) Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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Well let me post this before you post your answer ...
Reuters Datalink cleans up and corrects its data for 2 Hours after the market closes and therefore recommend to their users to wait 2 hours after market close to download data.
Patrick :mrgreen:
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/14/2005(UTC) Posts: 65 Location: Cocoa, Florida
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Patrick,
I use local data EOD. I never download before 7 p.m. EST as someone from Reuters, at one time, told me that they have the corrected data up by then. I try to wait to as close to 9 p.m. as possible as I think I saw on the Equis site to wait until then. Yesterday (the day with the problem) I downloaded at about 7:30 p.m. (eastern).
Thanks
Steve B
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 1/19/2005(UTC) Posts: 1,065 Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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SteveB wrote:ENTU is a good example. MS shows yesterday's volume at 420,841 but the actual volume was 1.1 million
My guess is that a large after-market parcel of shares was added to the 420K EOD volume. This problem is a data issue - it has nothing to do with MetaStock itself.
Richard Dale would be the guy to ask about this - he knows the ins & outs of data quirks, and offers the cleanest data I've seen.
http://www.premiumdata.net
jose '-)
http://metastocktools.com
.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/14/2005(UTC) Posts: 65 Location: Cocoa, Florida
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Jose wrote:
Richard Dale would be the guy to ask about this - he knows the ins & outs of data quirks, and offers the cleanest data I've seen.
http://www.premiumdata.net
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Thanks for the information Jose! I'll check his service today.
Steve
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