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Footprint charts (www.fin-alg.com)


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Footprint charts (www.fin-alg.com)

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  #1 (permalink)
 Aragorn 
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OK so I just started a trial for a footprint chart through Fin-Alg on Ninjatrader (Zen-Fire feed). Does anyone have any experience with the reliability of Zen-Fire's tick data? I mean I know they're a fast feed execution etc. but how is their tick data? Maybe I'm just too new at footprint charts but at the end of an uptrend as the Market (ES) is reversing the Cum. Delta continues to increase as the Market steadily declines. This seems odd to me.

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 trendisyourfriend 
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Aragorn View Post
OK so I just started a trial for a footprint chart through Fin-Alg on Ninjatrader (Zen-Fire feed). Does anyone have any experience with the reliability of Zen-Fire's tick data? I mean I know they're a fast feed execution etc. but how is their tick data? Maybe I'm just too new at footprint charts but at the end of an uptrend as the Market (ES) is reversing the Cum. Delta continues to increase as the Market steadily declines. This seems odd to me.

The consensus on futures.io (formerly BMT) forum is that Zen-Fire is not as reliable as DTN/IQ for volume analysis. Zen is free but you get what you pay for. If you are serious about volume analysis you want the best and unfortunately it's not free but to test a product Zen-Fire is enough. You can have a trial subscription with DTN and see by yourself if it's worth it. Usually people that uses volume will want to use other market internal metric like the $tick which is not avaliable with Zen-Fire but is part of the package if you intend to use a third party data provider. If you want to use Ninja exclusively then you can also subscribe to Kinetick - Streaming real time quotes and historical market data

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 Big Mike 
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Here is the discussion on feed comparisons:


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 eDanny 
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If you were to compare now, DTN/Kinetick and Zenfire are 99% identical in the volume area.

Dan

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 Dragon 
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Interesting. Sounds like a new study is warranted.

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 trendisyourfriend 
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eDanny View Post
If you were to compare now, DTN/Kinetick and Zenfire are 99% identical in the volume area.

Dan

Can you post your analysis comparaison ? or was it just a quick visual assessment ? Did you conduct an extensive test ?

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 Big Mike 
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trendisyourfriend View Post
Can you post your analysis comparaison ? or was it just a quick visual assessment ? Did you conduct an extensive test ?

Don't post to this thread, use the existing thread I linked above for this subject.

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  #9 (permalink)
 Aragorn 
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Big Mike View Post
Don't post to this thread, use the existing thread I linked above for this subject.

Mike

I get an error message when I attempt to access the link. Are you suggesting I have to pay to get an answer?

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 Big Mike 
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Aragorn View Post
I get an error message when I attempt to access the link. Are you suggesting I have to pay to get an answer?

It's an Elite only thread. I am simply suggesting that we keep things organized, and that particular discussion has been covered in depth and is located in the Elite section of the forum. I don't want to create a split topic with the same things being discussed again in a separate thread.

Whether or not you want to become an Elite Member is entirely up to you.

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  #11 (permalink)
 Aragorn 
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There is no substitute for ones own due diligence.

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  #12 (permalink)
 Aragorn 
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eDanny View Post
If you were to compare now, DTN/Kinetick and Zenfire are 99% identical in the volume area.

Dan

I reached the same conclusion as eDanny. After trying DTNs free seven day trial and comparing their footprint data to the footprint data from Zen-Fire over a period of several weeks I found no difference.
While I suppose some would balk at several weeks of analysis, if there is no difference over a weeks time with something such as data where the implication is that there are major differences, at what point do I need to continue to look back if there is nothing to suggest anything is going to change? If there is no evidence of a difference within a few weeks can I expect there to be differences two months ago? six months ago? a year? It is sufficient for me to conclude that for my purposes Zen-Fire data is more than adequate.

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SgtJ
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Aragorn View Post
I reached the same conclusion as eDanny. After trying DTNs free seven day trial and comparing their footprint data to the footprint data from Zen-Fire over a period of several weeks I found no difference.
While I suppose some would balk at several weeks of analysis, if there is no difference over a weeks time with something such as data where the implication is that there are major differences, at what point do I need to continue to look back if there is nothing to suggest anything is going to change? If there is no evidence of a difference within a few weeks can I expect there to be differences two months ago? six months ago? a year? It is sufficient for me to conclude that for my purposes Zen-Fire data is more than adequate.

Agree, everyone should do their own DD, they might be surprised.

"you have my ax" ....been wanting to say that for a while

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 forgiven 
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has anyone used both and can give a honest conparison

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