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Did some one try to split the volume into cumulative delta bars where the price moved in the expected direction vs cumulative delta bars where the price did not move in the expected direction? Would this be the same as cumulative delta Uptick/DownTick?
This is an AMA thread -- a means to ask questions directly to a specified person. This is not a vendor review thread or a general order flow thread.
Please direct questions to DB Vaello of OrderFlowAnalytics if you are posting in this thread. Otherwise, you should be using a different thread to post reviews of the software/services, or talk about OFA in general.
I haven't stopped by in a while and thought I would catch up with everyone. I don't see any new posts - but if you have questions please do not hesitate to ask. We have a training event coming up later this month and still have weekly free webinars which are recorded can be viewed in our forum or on the YouTube.
Hope the holidays treated you well and the new year is prosperous for all!
DB
If you have any questions about the products or services provided by Order Flow Analytics, please send me a Private Message or use the BMT " Ask Me Anything" thread.
I'm looking at reviewing your tools, can you advise me on the best way to demo your full functionality.
Secondly, I'm planning on using a CQG feed for live/hist data, on your website you mention this is supported for back-filling hist data, however based on uptick/downtick. My question is how this differs from using IQFeed as the OFA datasource. Note: As I may add a secondary IQFeed but want to asses the benefits against the cost (e.g., whether CQG will do).
Finally, how do the NT8 changes impact you, are you working with the vendor already, or where does this fit into your plans going forward? This hopefully will cover some of the historical data access issues a lot of people have found in the past for order flow based tools and open your product up to a wider list of users with non standard data setups.
Let me know your thoughts on these questions and if you can assist in getting me setup for a trial.
1. We have a free version of OFA for you to mess with. It's not a trial - it's just free. That saves both of us a lot of time and agony.
2. Uptick/Downtick is a generic (and faulted) process. It assumes every uptick exchange occurs at the offer and every downtick occurs at the bid. It's just not the case. Is it the end of the world? Not really. The data is close to accurate. The bottom line, there will be differences in what you see historically. Some people cannot stand the idea of inaccuracies - others are less interested in quantifiable results.
3. All of Ninja's partners are waiting for instructions regarding NT8. Since Ninja is relatively dependent on their developer community to continue adding value to the platform, I would assume they have a strategic roll-out process for us. All discussions I've had with them back this up. We obviously hope that the historical bid/ask/last issue is resolved in NT8 but have yet to see anything more than you have. My assumption is we will be ready. 99.9% of that depends on how the release is handled.
You can register for the free version of OFA here: OFA/FREE
DB
If you have any questions about the products or services provided by Order Flow Analytics, please send me a Private Message or use the BMT " Ask Me Anything" thread.
Are they still offering a free or trial version of the software? I keep trying to find the download link but have been unable to.
The free version link
orderflowanalytics.com/english/index.php/software/ofa-free
I am intrigued by OrderFlowAnalytics but I have one question.
From my experience, one of the things that makes the market tough is that the waves (one can call them "dominant cycles") are constantly changing. Two downtrends (or two uptrends) never look the same. They always differ in their momentum, their smoothness, the amplitude of the peaks and valleys etc. While this is obvious, it is precisely this problem that makes indicators so useless. Because no particular period/setting can encompass the countless permutations of the market. Hence I generally prefer to use indicators or techniques that do not rely on an input from the user. If I have to define the period, smoothing, or any other parameter, the indicator is usually of little value for me.
So my question is whether OrderflowAnalytics is in the same boat?
I've watched the presentations you gave and your explanation of the ranking of the momentum (green/red, blue and white). Without probing into the firms propriety algos, I was just curious as to whether this ranking (based on some threshold being met) is just another input like every other indicator which rely on some arbitrary "look back" period in order to draw conclusions.
People use a 200 period SMA for no particular reason (presumably because it is "widely watched"). But the 200 period SMA (like any other number used for the SMA) will work sometimes and not work other times.
I dont know much about orderflow so I was curious as to whether order flow lends itself better to quantification than period-based indicators which measure the behavior of a defined number of candles in the past.
Is it the same for orderflows ranking system? In other words is order-flow unique in the sense that one can more robustly define what is "Normal" and what is "above normal", or is the momentum-of-orderflow just another slippery ether that is impossible to objectively quantify in terms of normal vs abnormal.
DB, are there any plans on making the OFA software compatible with the Sierra Charts platform or are the current plans to keep it just on the Ninja Platform for the foreseeable future?
If the plans are to just stay on the Ninja platform, is it because A) there's no customer interest for it to be on Sierra, B) the cost of maintaining it on SC because up their more frequent updates, or C) the cost to be able to re-code to make it compatible with the SC platform?
If the issue is cost, how large of a project would it be to re-code and would you have any interest in the conversion if that R&D were funded by an outside party? Thanks.