More or less. It's basically a gui for an order flow footprint bar that uses proprietary algorithms to weight the significance of volume/order flow within a bar. Their bars are modified volume bars. They show volume clusters within the bar as well as toxic order flow and buyer/seller control- all indicated within the bar. The new gui doesn't seem to have all the raw data showing on each bar, they look like std candlesticks with shading for volume clusters, and dots to indicate where buyers/sellers are showing strength and where hft markets maker algorithms stop participating.
What I am most interested in is the click and drag market profile tool.
That makes sense because their other indicators would be pulling from data that legacy bar types don't collect from your data feed. But, installing OFA does not prevent you from using other bars/charts within NT? You just cannot use their tools, without using their bars.
Complaining about that is like complaining that you cannot use your Smartcar engine in your Ferrari.
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The following user says Thank You to nathanologist for this post:
Hey Nathanologist, if you get the OFA essentials package, let me know your experience with it. l´m also interested on their indicators especially the VPA. It looks like a great help for setting stops.
I see you are fom Burlingtong. I had the greatest time at Saint Mikes and the Burlington area in the 90´s.
Take care, I hope hearing from you soon. Forgive my English, It is a little rusty.
This is a BIG SCAM. Do not even think about Chip Cole NEVER!!!!
1.- He did not respond my email.
2.- He did not call the trades in advance. Sometimes did not call them. You only see them in the screen.
3.- He teaches nothing. No, explain what to do.
4.- I asked my money back after 3 sessions. They say no.
5.- He adds to the bad trades. Do not follow order flow, no!!!!!! Money wasted
I was in other courses with OFA and was very satisfied with them and their products, but this. Oh my God! Unfortunately, George and DB did not deliver this time (DB not even answer my email)
Please. Try another guy.
The following user says Thank You to lgrajeda for this post:
I have the OFA and the biggest problem that it is impossible to change the situation of the time or volume or any other option apart from Ofa bar . very restrictive in terms of working in conjunction with the graphs other time I have as a graph hourly or Graph 5 minutes.
When I spoke with the owner of the company DB says he does not believe the levels by time only by the volume .the OFA is very limited and closed a single state. This is a very big problem so I'm currently working bid ask other software.