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OK so I just started a trial for a footprint chart through Fin-Alg on Ninjatrader (Zen-Fire feed). Does anyone have any experience with the reliability of Zen-Fire's tick data? I mean I know they're a fast feed execution etc. but how is their tick data? Maybe I'm just too new at footprint charts but at the end of an uptrend as the Market (ES) is reversing the Cum. Delta continues to increase as the Market steadily declines. This seems odd to me.
Can you help answer these questions from other members on NexusFi?
The consensus on NexusFi (formerly BMT) forum is that Zen-Fire is not as reliable as DTN/IQ for volume analysis. Zen is free but you get what you pay for. If you are serious about volume analysis you want the best and unfortunately it's not free but to test a product Zen-Fire is enough. You can have a trial subscription with DTN and see by yourself if it's worth it. Usually people that uses volume will want to use other market internal metric like the $tick which is not avaliable with Zen-Fire but is part of the package if you intend to use a third party data provider. If you want to use Ninja exclusively then you can also subscribe to Kinetick - Streaming real time quotes and historical market data
I wil try here to do an analysis and comparation on different data feeds and platforms to perfom studies involving bid/ask data, like comulative bid/ask difference or delta bars and footprint like.
It's an Elite only thread. I am simply suggesting that we keep things organized, and that particular discussion has been covered in depth and is located in the Elite section of the forum. I don't want to create a split topic with the same things being discussed again in a separate thread.
Whether or not you want to become an Elite Member is entirely up to you.
