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MBOXX ( similar to Weis Wave )/Wyckoff
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MBOXX ( similar to Weis Wave )/Wyckoff

  #11 (permalink)
Elite Member
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wilson619's Avatar
 
Posts: 69 since Jun 2010
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FWIW

I was (am) having trouble plotting MBox on NT8 when tick replay is enabled. Mike at MBox states it is not necessary to enable tick replay, however if you run other indicators that require it there may be an issue.

That said, I posted this issue on NT8 support and one person replied with the following, "Sounds like the third party indicator is attempting to circumvent the need to use tick replay to get bid ask delta data. And that it's trying to do this by comparing the bid, ask, and last prices from the three separate files which is WRONG because the three files are not synchronized due to the unavoidable fact that many records in the separate files will have the same time stamps therefore cannot be read in the correct order."

Mike has not responded to this comment, but I would be curious to know if this is how it is programmed? I have heard from another source that the cumulative delta totals are notably different.

Wilson

https://ninjatrader.com/support/forum/showthread.php?t=105929

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  #12 (permalink)
Trading Apprentice
Newark NJ
 
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I responded to wilson619 in private email when he wrote me. And I will response to his post here, as it is inaccurate.


> I was (am) having trouble plotting MBox on NT8 when tick replay is enabled. Mike at MBox states it is not necessary to enable tick replay, > however if you run other indicators that require it there may be an issue.

On Ninja's website they write

"Warning: It is important to note that this property implies that more PC resources are used to calculate your indicators and strategies and as a result will lead to a performance impact. The tick replay setting should only be reserved for indicators and strategies which would truly benefit from the additional resources dedicated to arrive at these calculations."

NinjaTrader issues a warning about the Tick Replay function. They know there are problems with it. If it is not working well with some indicators it is a platform issue, not an indicator issue. The MBoxWave indicators do NOT use or rely on Tick Replay. Not using Tick Replay improves the performance of the indicators on NinjaTrader 8.


> That said, I posted this issue on NT8 support and one person replied with the following, "Sounds like the third party indicator is attempting to circumvent the need to use tick replay to get bid ask delta data. And that it's trying to do this by comparing the bid, ask, and last prices from the three separate files which is WRONG because the three files are not synchronized due to the unavoidable fact that many records in the separate files will have the same time stamps therefore cannot be read in the correct order."


This is incorrect. The MBoxWave indicators DO NOT circumvent Tick Replay, nor access it at all. The delta is computed by analyzing historical ticks using it's own algorithm as stated on the website. The MBoxWave indicators do not access the bid / ask data series nor do they compare bid, ask, last prices from any resources or files. Therefore, there is no need for any files to be synchronized nor the use of Timestamps.

> Mike has not responded to this comment, but I would be curious to know if this is how it is programmed? I have heard from another source that the cumulative delta totals are notably different.

This is not true, I did respond to Wilson and told him that MBoxWave has no connection with Tick Replay. As far as delta is concerned, this depends on the quality of your data feed. For example, if you use Interactive Brokers you may have an issue as they consolidate tick data. If you have a data feed that provides accurate tick data then the Delta will be accurate. This depends on your data feed and not the MBoxWave indicators. The delta is as good as your data. Using a data feed like CQG will give a good delta.

Regards,
Mike


Last edited by mboxwave; December 6th, 2017 at 05:08 AM.
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  #13 (permalink)
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Silvester17 View Post
and if you're having problems, it's definitely an indicator and not a platform issue. indicators using tick replay need to be programmed accordingly. as stated on the nt website.

If there is an issue with Tick Replay it is with other indicators that use it. MBoxWave indicators don't use Tick Replay so there is no Tick Replay code in them.

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  #14 (permalink)
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Newark NJ
 
Futures Experience: Advanced
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Posts: 13 since Dec 2017
Thanks: 0 given, 2 received

Tick Replay and Non Tick Replay indicators can co-exist together. I have personally tested with Tick Replay turned on and the MBoxWave indicators load just fine. If there is an issue, it is with the other vendor for not having coded their Tick Replay code correctly.

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  #15 (permalink)
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Posts: 69 since Jun 2010
Thanks: 131 given, 50 received

FWIW

Mike, thanks for clearing that up. After posting my initial query and issue on Ninjatrader I didn't hear back from you regarding that comment made about coding Bid/Ask data without tick replay. I was hoping you would respond on Ninjatrader support after that since you acknowledged to me that you read it, but I appreciate your explanation here. Thanks again.

Wilson

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