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Have any members used or tried MZpack indicators for NinjaTrader?
Hi @paps
If you are referring to the "dt Buy-Sell Pressure" - this is available at ($ 39.00, free trial for 10 days or so, see the description under NT7 add-ons). I bought it for NT7 and got a free license when it was released for NT8. Has a lot of options, is good value for the money. The only disturbing thing is that sometimes the indicator is plotting a delta of 0 for a couple of bars. Hitting F5 and the correct delta values are redrawn. If this is the fault of NT or of the indicator I don't know.
I am interested in this product but just a little concerned about installing a program like this on my machine as it seems to be developed by an unknown Russian coder. It looks a very nice product at a very reasonable price though. Can anybody vouch for the vendor's credibility?
Use it every day...for over a year (still on nt7). They're very good and good CS if you have questions for them. Every time i've had a question they've answered it pretty quick and speak decent English.
I too had the same concern and originally tested it on an old computer several months ago. It is safe and actually really well coded.
I now run it with NT8 on my regular trading computer, along with Jigsaw. It is supported by a guy in Russia by the name of Mikhail Zhelnov ([email protected]) who is fairly well responsive and speaks English. MZpack is also a member of NinjaTrader Ecosystem (for what it's worth).
The software has a lot of bells and whistles and requires time to really slice and dice it down to what you need otherwise there is information overload. It is excellent value for the money compared to all the other software addons to NT out there.
Thanks for your reply. I'm really tempted to take the risk because it does look very high performance and a great deal compared to what is out there, most of which is subscription based. If I were to get a subscription based platform it wouldn't be through some Ninja Trader 3rd party, I would just get market delta or cqg or something... Anyways, I do like the looks of mzpack. I'm just going through the Ecosystem now, so far it looks like the best option... just a bit paranoid about malware...
If anyone is interested. MzPack is posting videos describing and showing examples of all indicators in the package. Since the developer is Russian, the narration is delivered by "George" using text to speech. (A Russian Bot !!)
Part 1 - mzFootprint
The program is extremely well written with a wealth of UI options. If you do intra-day analysis and trading, it is the next step in trying to keep track of numbers quickly flashing on a DOM by quantifying them graphically using the CPU instead of your eyeballs.
MzPack is able to reconstruct single tick trades into aggregated trades. It also has a logic engine that notices iceberg orders and DOM order refreshes after price retreats from last trade. I have replaced watching the Jigsaw recombined tape with the mzVolumeDelta and mzBigTrades with audible warnings.
