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Have any members used or tried MZpack indicators for NinjaTrader?
I'm still using the last version...for NT7 (and auction dashboard for my absorption markers). Is your absorption marker the square and did you adjust the threshold before the marker appears?
Also, I'm not following your confirmation of Low volume. How does that work.
I did buy it when it was in sale under $100 and it was the only paid indicators i have. I used it with demo NT7 at that time. I think it was money well spent at that time and still is. I used both limit and aggresive trades setup only. I couldn't figured out how to use the other indicators that came with it. It helped me visualized whats going on in the certain price level, but i didn't use it long enough because i just can't get the result consistent enough. But it's a great package none the less, setting the bar on what technology put into it vs the value for the whole package.
I use absorption 70%, Absorption depth 2 and filtr 50 for CL. Try different settings for different market.
Theory low volume is easy: if you have strong aggresive sellers, you want to see long pullback into market zone, where passive sellers will join. There sould not be strong aggresive buyers. Always compare action and reaction.
Hope it helps.
Legendary / Stochastic Calculus is not your friend
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: ES,NQ,CL
Posts: 851 since Oct 2009
Thanks Given: 3,414
Thanks Received: 1,537
I use the NT7 version. It compliments my style of trading which relies heavily on Japanese Candlesticks, VWAP's and Rolling Pivots. When I am looking at a potential entry it helps my decision with easy to understand orderflow tools.
I would say on of the best add-on Software for ninjatrader. When you also have some whishes for function, just ask if it possible you will get it. Also constant Updates.
And is really cheap
Check arprof addons for ninjatrader.
Here is some alternative also. Check there free ar Chart scroll, a Need for ninjatrader 8.
Hi there @lesoun your screenshot shows bottom pane Buy/Sell pressure. Is that also part of the mzpack. It looks interesting & wondering if you would care to share if thats a commercial indicator.
