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Have any members used or tried MZpack indicators for NinjaTrader?


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Have any members used or tried MZpack indicators for NinjaTrader?

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  #31 (permalink)
Stuttgart, Germany
 
Experience: Master
Platform: NinjaTrader
Broker: IB
Trading: ZB, EUR, ES
 
Posts: 106 since Dec 2010
Thanks: 68 given, 41 received

I am using it too and it is the most sophisticated software in the field of order flow I know. And I know many.
MZ has a deep knowledge of Order Book and Tape reading and this is reflected in his MZPack as NT add ons.

BigTrade, Footprint are unique.

My wish were that he creates an own software instead developing indicators for NT8. It would be more performant and not dependent on NT8 platform.

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  #32 (permalink)
LA
 
Experience: Advanced
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Is anyone having issues using the MZPack on NT8 regarding increasing memory and/or cpu resources?
Or any other problems?

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  #33 (permalink)
Stuttgart, Germany
 
Experience: Master
Platform: NinjaTrader
Broker: IB
Trading: ZB, EUR, ES
 
Posts: 106 since Dec 2010
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Hi @ricochet,
can't complain here. I am loading only 3 days of Tick replay data and with v. 3.9.6 I haven't experiences any problems - so far.

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  #34 (permalink)
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
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I picked up the Mzpack. It's a good profile base.
I already have four other profile apps, I think it is well made.

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  #35 (permalink)
Amsterdam Netherlands
 
Experience: Advanced
Platform: Ninja Trader
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Posts: 15 since Aug 2015
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Alaskajeff View Post
Was wondering if anyone has tried these indicators. MZpack Indicators for NinjaTrader They look to be a combination of order flow, heatmap and profile. They have some very unique templates as well. I did an advanced search on this forum to see if anyone has talked about this prior. Only a few mentions but no reviews or analysis. Thoughts anyone?

I haven no experience yet, but just took their trail to see if their tools are helpful. The indicators look pretty sophisticated, but first see how it works.

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  #36 (permalink)
Amsterdam Netherlands
 
Experience: Advanced
Platform: Ninja Trader
Trading: Futures
 
Posts: 15 since Aug 2015
Thanks: 1 given, 18 received

I am looking at the tool a couple of weeks now. You need some time to find your settings of personal preference. For me the volume profile is less interesting. Not because the tool shouldn't work well, it is just to fuzzy for me. What I REALLY like about it is that you can find great support and resistance levels with the absorbtion and order flow imbalance tools. Seeing the big buy and sell orders laying on your chart is also very helpful.

For me as a price action trader these tools are very useful to find trade levels It works much better then traditional tools like OB OS divergences etc.

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  #37 (permalink)
Los Altos, CA
 
Experience: Intermediate
Platform: NinjaTrader, Jigsaw, OFA
Broker: Ninja/Continuum
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Leon Blokland View Post
I am looking at the tool a couple of weeks now. You need some time to find your settings of personal preference. For me the volume profile is less interesting. Not because the tool shouldn't work well, it is just to fuzzy for me. What I REALLY like about it is that you can find great support and resistance levels with the absorbtion and order flow imbalance tools. Seeing the big buy and sell orders laying on your chart is also very helpful.

For me as a price action trader these tools are very useful to find trade levels It works much better then traditional tools like OB OS divergences etc.

Hi @Leon Blokland

I have been using MzPack for over a year and like it very much. The PDF user manual is very helpful and also their recent YouTube channel videos shows the different indicators by a British gentleman named John.
https://www.youtube.com/channel/UCqabMIgUEjk3Bkee8G-oSMg/videos

They also have some templates that you can download from their website and try out.
Although it does take some time to try out all the different indicators in real time or on replay.

RobotMan

Full time financial software beta tester.
~When asked what I do for a living.
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  #38 (permalink)
Amsterdam Netherlands
 
Experience: Advanced
Platform: Ninja Trader
Trading: Futures
 
Posts: 15 since Aug 2015
Thanks: 1 given, 18 received

Hello Robotman,

Thx for the info. I add a screenshot, to give an idea what one can do with the indicator.

How do you use the BigTrade indicator? It seems more like a scalping tool?


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  #39 (permalink)
Hawaii at the beach
 
Experience: Beginner
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Posts: 537 since Apr 2013
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I have Mzpack.
I also have 4 other similar orderflow tools.
I would rate this as the best monetary deal.
What I like is the constantly work to improve it and add to the indicators. They also listen to requests for suggestions.
What I dislike is they use what I as a laymen feel is many of their indicators require "tick replay". I feel this is antiquated as I have another footprint and profile products that do not require it.
The other con is they are Russian so maybe my communicating with them is less ideal. They do communicate well in English but maybe I am not so effective.

Again of 4 different orderflow tools, this is my pick for best monetary deal. Though currently there are many new products I have not seen.

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  #40 (permalink)
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
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Posts: 3,546 since Aug 2009
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KahunaDog View Post
I have Mzpack.

What I dislike is they use what I as a laymen feel is many of their indicators require "tick replay". I feel this is antiquated as I have another footprint and profile products that do not require it.

this is interesting. would you mind telling us what product that is? also could you please post a screenshot with your footprint chart (without tick replay).

thank you

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