[davewolfs]

Originally Posted by uexkuell »

Care to elaborate how this could be done?

Nothing is being done. If you watch their video, the person who is demoing the software specifically says the bars are created using PNF bars also known as a reversal chart which has been in MD for a long time.

[cls71]

I do not understand the criticism of Zen-Fire + NinjaTrader, to process the tape.
I have programmed my own tools to analyze the tape (one full session) and found that match with CME (for mini-sp)
I use NinjaTrader and Zen-Fire.
I searched the forum but have not found any evidence to show that the flow of Zen-Fire is wrong, or NinjaTrader can not process it.

[BlowFish]

Never mind I think this link has been posted previously.

[FulcrumTrader]

Originally Posted by cls71 »

I do not understand the criticism of Zen-Fire + NinjaTrader, to process the tape.
I have programmed my own tools to analyze the tape (one full session) and found that match with CME (for mini-sp)
I use NinjaTrader and Zen-Fire.
I searched the forum but have not found any evidence to show that the flow of Zen-Fire is wrong, or NinjaTrader can not process it.

I have MANY that were using Ninjatrader with Zenfire feed to do their bid/ask differential work for Cumulative Delta plots and there was frequent data drops day after day (since the CME data output changes in October of 2009).

To research the problems that had started to appear for ALL Ninjatrader/Zenfire users running bid/ask data, I compared the end of day data runs to a very robust uncoalesced server side accessed feed. The NT/Zenfire data runs for BID/ASK data comparisons did not at all match up with the CME feed runs from a very high end application.

You will need access to direct uncoalesced FCM server side feed or pay high bucks for very robust low latency feeds to make a proper comparison. It was pretty bad actually, everyone that I know who was using NT/Zenfire for doing bid/ask work all had their charting go to crap after the CME data changes......I wished that was not the case!

I was also a user of the NT/Zenfire feed for back up bid/ask data work, but I myself no longer use this set up.....not until I see new proof that NT/Zenfire have made the necessary changes to whatever is causing the problems (and that will take some extensive work to change their current application limitations). I really like the Ninjatrader platform and I still use the platform for basic order entry/management ops, but I do not at all use it for Cumulative Delta work anymore.

[jasper36]

where do i get the software for this set up jasper36

[alex_laxya]

After reading this much informative thread from start to end there one confusion still lies, how OFA Change the bar? is it pnf as someone said above or is it using variation of CD Algo? Most of guys must have used it by now, how was the real time experience?

[BlowFish]

I don't believe they are but if you apply delta data to P&F principles I think you will find your answer

[dandxg]

OFA has a proprietary calculation its not 6 tick reversal, but 6 ticks work pretty well so does 6 range. Take the demo, they are pretty nice guys. I just refuse to pay $2500 for their education class to use their software to learn what I learning for alot less from IOAMT. Some of OFA's set ups are the same as IOAMT they wait for a high volume spike at low or high then when those traders are upside down they fade em'. You can get a few ideas from watching tradersforce on you tube also.