Order Flow Analytics (www.orderflowanalytics.com) | Trading Reviews and Vendors


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Order Flow Analytics (www.orderflowanalytics.com)

  #85 (permalink)

Austin, Texas
 
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 22 since Sep 2011
Thanks: 1 given, 13 received


TheSeeker View Post
It seems like OFA does use volume traded at price in form of short term volume clusters to see where the majority of stops are or where there is a short term support and resistance area that might hold, or am I wrong ?

This at least could be achieved with most charting programs that use Market Profile, for a much lower price imho, unless OFA has a unique way of looking at volume.


Nope. Not even close. I have actually trialed market delta at the same time after I bought OFA.

While a very skill trader could POTENTIALLY glean the same data from marketdelta with different charts, OFA is just simpler. I can potentially see myself using market delta and trying to get the same data after using it for 5 months, but it's simply not the same. OFA isn't based on time, nor is it based on ranges. So, POTENTIALLY if you want to open multiple charts, etc. you can get similar information in marketdelta but you have to know what you're doing.

And it's NOT market profile. Not even close.

As far as costs go - are you telling me that $170 a month or whatever MarketDelta charges you is CHEAPER in the long run? OFA's base package if you just want volume clusters is $1500. $2500 has the proprietary stuff and $5000 includes the trade tracker, etc. So, just based on simple volume cluster, $1500 versus $170 or whatever per month. In a year, you'd be better off with OFA.

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