Order Flow Analytics

[davewolfs 10]

Excellent thread...good job by all who have contributed, let's try and keep it going. Personally I believe 100% that order flow/auction theory is the only information one needs to trade profitably. That being said, there are many different ways and tools to use in order to interpret order flow. I agree with Fulcrum and electroniclocal in that to much information can be detrimental. Also, the last thing I want to do is get used to trading with someone's proprietary software and then find out one day, for whatever reason, that I can't use that software to trade with anymore. That would not be good for the psyche.

That being said, I am always interested in learning more about order flow and how other people use it to trade successfully. I actually talked to OFA a while back because their software does look interesting. From watching their intro videos it seems to me that something very important to them is not only the actual delta from the current auction but also the location of poc/hi volume node. Seems like when volume starts to build rapidly and the poc comes close to the hi/lo of the current bar then they look for climactic type of activity to start a new auction bar in the opposite direction and trap e1 who just sold the low or bought the high but I see that on a .50 range volume candle chart. Plus, I would expect these climactic events to be occurring at levels that I am already watching myself. To be frank I think it's just taking the exact same information I look at now and just presenting it in a more organized way. But if it can continuously get me filled a tick or 2 better and help automate things a little bit.... Any comments? Anyone here actually using the software live? I have not seen the software operate in real time yet.

 

Besides trading the ES I also use orderflow/auction theory to trade currencies without actual trade volume, only tick volume. All the same basic principles still apply.

Way too tired to type anymore....look forward to exchanging ideas.

 

I don't understand how someones software will help you get 1-2 tick better entry. You need to decide where you want to do business and each entry must be taken into the context of everything else that is going on i.e. risk, reward, and probability of success.

 

What I will say is that if you look at volume at a micro level, if volume is significant, you can at times consider this a wall to lean on but you have to be disciplined about this in the sense that if that wall is breached you must accept failure.

 

One thing to watch for is that when volume is light on a contract it can throw you off since you are used to seeing large prints when the market is active.

 

Good example of a top. The number of contracts traded at these higher prices is pretty significant so if you are shorting below these levels, you can try to play the card that this volume will act as a wall to support your trade, since one time frame has responded here and will likely respond again at these prices given the opportunity. Additionally the decrease in cumulative delta is indicative that sellers are becoming more aggressive or buyers are trying to exit. What else is worth watching here is that any bulls purchasing between 10:06 and 10:32 might be thinking that they got a good fill shown by the limited amount of trade at the 1108.75 level, well the market will not give you a good price, if you get one either you are a very good trader, are lucky or you just got caught into a trap. Looking at the volume at 10:54 notice that 1108.75 has the most volume here, to me this looks like bulls realizing they are wrong and running for the exit.

 

As you can see there is a TON of information here, almost too much which is why it's only worth looking at when trying to catch a reversal or attempting to find out what is happening within a trading range.

 

 

Here is a good example IMO, of using cumulative delta.

 

If you look at 12:24 market is -62k, look at 13:48 market is almost -62k and prices are higher, opportunities like these false breakouts can work very well. But from what I have seen, delta is nowhere near as reliable to accurate volume.

 

[i trade 10]

Great points Dave...ty for your insight!

 

Let me start by saying that I (or any trader) do not need delta in order to make trading decisions based on order flow or auction theory (which to me encompass one another). Volume tells all...volume tells me where I want to do business. I determine my entries based on levels that are determined by volume clusters on timeframes ranging from .50 range all the way up to monthly tpo charts. You don't need software to tell you whether there were more buyers or sellers in a given area, you just need to be able to interpret the market action after the volume occurs and how it acts when it re-visits the area.

 

The OFA software seems to be simply a scalper type software, trading off all the micro rotations within the bigger macro auctions. The thing that interested me about the software is that sometimes I do scalp off these micro intraday levels and only in that situation do I see a possiblity of the software aiding me in improving entry points because of the quick nature of the market action on these micro levels. If I scalp a few times a day with a few contracts, then those 1 or 2 ticks will quickly add up. I would only use the software at levels that I already see by looking at vertical volume on a barchart and horizontal volume on a profile chart. So say the market is rallying, hits a micro level that I am looking at and at the same time buyers climax and sellers take control...thats all fine and dandy I can see that on my own...but the software can enter trades automatically at these levels only if these ideal conditions exist. As far as trading the bigger macro levels I see no advantage because you have more time to put your trades on.

 

Bottom line is whether or not it can improve my bottom line without hurting my current methods.

 

Those delta charts you posted are great...my understanding of orderflow grew by leaps and bounds by using market delta and watching those types of charts live day in and day out for several months but...bottom line is it was to much information for me to decipher on a realtime basis on the micro level. But I wouldn't be where I am today on the orderflow learning curve without studying those footprint charts the way that I did.

 

How do I post a chart on here? I can show you what I look at on a micro level and you'll see it's the same condition that the OFA software looks for.

[i trade 10]

Great points Dave...ty for your insight!

 

Let me start by saying that I (or any trader) do not need delta in order to make trading decisions based on order flow or auction theory (which to me encompass one another). Volume tells all...volume tells me where I want to do business. I determine my entries based on levels that are determined by volume clusters on timeframes ranging from .50 range all the way up to monthly tpo charts. You don't need software to tell you whether there were more buyers or sellers in a given area, you just need to be able to interpret the market action after the volume occurs and how it acts when it re-visits the area.

 

The OFA software seems to be simply a scalper type software, trading off all the micro rotations within the bigger macro auctions. The thing that interested me about the software is that sometimes I do scalp off these micro intraday levels and only in that situation do I see a possiblity of the software aiding me in improving entry points because of the quick nature of the market action on these micro levels. If I scalp a few times a day with a few contracts, then those 1 or 2 ticks will quickly add up. I would only use the software at levels that I already see by looking at vertical volume on a barchart and horizontal volume on a profile chart. So say the market is rallying, hits a micro level that I am looking at and at the same time buyers climax and sellers take control...thats all fine and dandy I can see that on my own...but the software can enter trades automatically at these levels only if these ideal conditions exist. As far as trading the bigger macro levels I see no advantage because you have more time to put your trades on.

 

Bottom line is whether or not it can improve my bottom line without hurting my current methods.

 

Those delta charts you posted are great...my understanding of orderflow grew by leaps and bounds by using market delta and watching those types of charts live day in and day out for several months but...bottom line is it was to much information for me to decipher on a realtime basis on the micro level. But I wouldn't be where I am today on the orderflow learning curve without studying those footprint charts the way that I did.

 

How do I post a chart on here? I can show you what I look at on a micro level and you'll see it's the same condition that the OFA software looks for.

[davewolfs 10]

Watched the webinar, the chart they use is the same as the one I posted nothing more then a 6 tick reversal chart/pnf chart. Instead of calling the the net bid ask trades delta, her refers to them as COT. What is not shown in this video is that supply or demand will often be tested multiple times which is why it is important to plan your areas and not trade using this type of chart blindly.

 

Matt Fahmie has posted some great setups here for those who are interested.

 

Order Flow: 6 Tick Reversal Patterns

 

Edit.

 

The only difference I see here from a Market Delta PNF chart and OFA's software is that they offer the ability to hook cumulative delta since trade execution.

Edited December 12, 2009 by davewolfs

[FulcrumTrader 10]

Edit.

 

The only difference I see here from a Market Delta PNF chart and OFA's software is that they offer the ability to hook cumulative delta since trade execution.

 

As a note.....you can also do this with a Cumulative Delta candlestick chart by drawing a small horizontal line on the CD candlestick at the point you enter a trade (I do this frequently at the point I enter a trade). If once in the trade you see the Cumulative Delta candlestick start to plot counter to your horizontal reference line (your entry point in the order flow), you can then decide to bail and look for a better entry if you would like.

[deanz 10]

@Fulcrum... can or have you plotted Delta on the SPY contract ?

 

@ everyone:

 

I am fairly new to stocks/futures but after listening to the audio book of Livermore I gets to thinking, could the ES or the SPY be the bucket shop, and when a satisfactory line has been gathered in either/both markets then it's off to the stock market to move price to benefit the bucket trades, or even vise-versa.

 

I tried to calculate if an equal amount of dollars could be made in a multi-day swing in ES, SPY and the price change of the average price of the 500 stocks but I do not know enough to get three comparable answers.

 

Looks like the OFA software has changed in the last 6-9 months:

OFA Intro Video

 

and another site promoting order flow, I like the idea of their Order Cancellation Indicators:

Welcome to www.tradingphysics.com

 

.

[BlowFish 10]

 

BTW, Rithmic built and owns the "Zenfire" feed........"Zenfire" is just a brand name of the feed.

 

!

 

Yeah I was aware of that though a programmer mate told me (un verified so take with a large pinch of salt) that their where some limitations in the feed if writing to Ninja/Zenfire API as opposed to using R|API. (despite being broadly the same)

 

My big issue is the running "real time ticker plant" to maintain the data these indicators require. How much synchronised bid/ask data does DTN.IQ provide?

[deanz 10]

My big issue is the running "real time ticker plant" to maintain the data these indicators require.

 

You might find these 2 post usefull:

 

NinjaTrader Support Forum - View Single Post - Delta Buy/Sell Volume

 

NinjaTrader Support Forum - View Single Post - All GomRecorder Indicators

[BlowFish 10]

Thanks deanz. I am familiar with Gom's excelent work. I guess I need to speak to DTN.IQ to find out what sort of bid ask history they can offer. Thinking about it I would probably require a week rather than a day. I often will have 2 or 3 days off completely impromptu. (Actually just had 5 where I have barely touched the computer) Even so it looks like a rather tedious data management task though possibly scriptable.

 

Does NT 7.0 store historical bid ask data in it's own data base? I really am not that keen on maintaining a separate GOM data base, sure it works well but it is not really robust and scalable.

 

I think if I was going to pursue this seriously (again) I would probably go with neoticker (again) .

[FulcrumTrader 10]

Thanks deanz. I am familiar with Gom's excelent work. I guess I need to speak to DTN.IQ to find out what sort of bid ask history they can offer. Thinking about it I would probably require a week rather than a day. I often will have 2 or 3 days off completely impromptu. (Actually just had 5 where I have barely touched the computer) Even so it looks like a rather tedious data management task though possibly scriptable.

 

Does NT 7.0 store historical bid ask data in it's own data base? I really am not that keen on maintaining a separate GOM data base, sure it works well but it is not really robust and scalable.

 

I think if I was going to pursue this seriously (again) I would probably go with neoticker (again) .

 

I can pull 4 weeks of proper bid/ask data from the basic DTN.IQ feed package to feed into my Investor RT Pro set up at anytime for futures instruments......not bad at all and DTN.IQ has been rock solid for a long time.

[BlowFish 10]

Actually there is one other option that is to use uptick/downtick as a proxy for order flow. Whether it is a better or worse proxy than delta and if so by how much is debatable.

[zdo 20]

Actually there is one other option that is to use uptick/downtick as a proxy for order flow. Whether it is a better or worse proxy than delta and if so by how much is debatable.

 

Yes, superimposed on / in conjunction with / comparing measures of C<or>CurrentBid(and CurrentAsk), there are certain ‘market conditions’ where up and ticks are more than sufficient proxy.

 

Also, restarting the ‘net’ at individual price swing pivots instead of summing it continuously from an ‘open’ or restarting at each individual bar can be quite helpful in certain ‘market conditions’…

[paolfili 10]

Can you detail a little more?

i)what "market condition" are you speaking of?

ii)Price pivot are min/max of a swing?(So you are postulating a change in behaviour

of CurrentBid/CurrentAsk tick assumption from up/down swing ?)

 

Yes, superimposed on / in conjunction with / comparing measures of C<or>CurrentBid(and CurrentAsk), there are certain ‘market conditions’ where up and ticks are more than sufficient proxy.

 

Also, restarting the ‘net’ at individual price swing pivots instead of summing it continuously from an ‘open’ or restarting at each individual bar can be quite helpful in certain ‘market conditions’…

[zdo 20]

Can you detail a little more?

i)what "market condition" are you speaking of?

ii)Price pivot are min/max of a swing?(So you are postulating a change in behaviour

of CurrentBid/CurrentAsk tick assumption from up/down swing ?)

 

re “Market conditions”

The simplest way I can put it is the order flow patterns need different interpretations btwn, say, unfolding flat areas and steep areas on a chart – even though the raw patterns printed by the measures may be verisimilar in shape and scale. ie Virtually identical patterns point to going with the move in some cases and in other cases fading the move.

Also, only in certain conditions do I even refer to these measures and the rest of the time they are ignored.

 

re “min/max of a swing” Yes basically. Anytime the auction changes from bid to ask (and v v) (or to some cases of neutral / balanced), I zero the count and start new one at the bar where the previous prevalence shifted.

 

re: “postulating a change in behaviour of CurrentBid/CurrentAsk” Not me. (but also not saying the information couldn’t be used that way) ‘Trades’ not on the CurrentBid or Ask are ‘proxies’ for market order type participations.

 

Briefly -

‘Sustainable’ price moves seem to have both extent and an obviously close balance / ratio of ‘mkt’ order participation with (/ just under) ‘limit’ order participation.

‘Crap’ moves seem to skew a preponderance of one or the other, including but not limited to one summing to positive and the other to negative.

Many terminations show swing level negative divergence between price extents and indicator extents ( but I haven’t run stats on that phenom and rarely use that information…)

hth

zdo

 

 

… if it looks like I’m pulling an Urma - it's bcse I AM pulling an Urma - just not for the same reasons.

[paolfili 10]

i)Anytime the auction changes from bid to ask (and v v) (or to some cases of neutral / balanced),

 

What is your limit to assume a change in the buyers/sellers waves?

(i.e. I' m using a similar setup on a 2k volume chart , and my signal is the 2second

bar of reversal after steep bid/ask waves)

 

 

ii)‘Trades’ not on the CurrentBid or Ask are ‘proxies’ for market order type participations.

 

Interesting.Do you think that there' s a way to track market_order/limit_order from ZenFire feed?Any existing Ninja DOM indicator customized?

 

iii)‘Sustainable’ price moves seem to have both extent and an obviously close balance / ratio of ‘mkt’ order participation with (/ just under) ‘limit’ order participation.

‘Crap’ moves seem to skew a preponderance of one or the other, including but not limited to one summing to positive and the other to negative.

Many terminations show swing level negative divergence between price extents and indicator extents ( but I haven’t run stats on that phenom and rarely use that information…)

 

Mkt_order/limit_order dynamics.

tape order not changing DOM volumes?

 

 

Thanks zdo

 

 

 

re “Market conditions”

The simplest way I can put it is the order flow patterns need different interpretations btwn, say, unfolding flat areas and steep areas on a chart – even though the raw patterns printed by the measures may be verisimilar in shape and scale. ie Virtually identical patterns point to going with the move in some cases and in other cases fading the move.

Also, only in certain conditions do I even refer to these measures and the rest of the time they are ignored.

 

re “min/max of a swing” Yes basically. Anytime the auction changes from bid to ask (and v v) (or to some cases of neutral / balanced), I zero the count and start new one at the bar where the previous prevalence shifted.

 

re: “postulating a change in behaviour of CurrentBid/CurrentAsk” Not me. (but also not saying the information couldn’t be used that way) ‘Trades’ not on the CurrentBid or Ask are ‘proxies’ for market order type participations.

 

Briefly -

‘Sustainable’ price moves seem to have both extent and an obviously close balance / ratio of ‘mkt’ order participation with (/ just under) ‘limit’ order participation.

‘Crap’ moves seem to skew a preponderance of one or the other, including but not limited to one summing to positive and the other to negative.

Many terminations show swing level negative divergence between price extents and indicator extents ( but I haven’t run stats on that phenom and rarely use that information…)

hth

zdo

 

 

… if it looks like I’m pulling an Urma - it's bcse I AM pulling an Urma - just not for the same reasons.

[zdo 20]

re: "What is your limit to assume a change in the buyers/sellers waves?

(i.e. I' m using a similar setup on a 2k volume chart , and my signal is the 2second

bar of reversal after steep bid/ask waves)"

 

That’s pretty granular.

For this, I use charts that print about 5 bars per minute at peak times and just use

1st ‘color’ change on a fairly fast modified HA for the steep pivots.

Resets gets slightly more complicated for congestions…

 

re: "Do you think that there' s a way to track market_order/limit_order from ZenFire feed?Any existing Ninja DOM indicator customized?" Don’t know. Don’t use Ninja DOM. There's been quite a bit of talk herein about common feeds... my comment - I don't trust any of them at this level

 

 

re: "Mkt_order/limit_order dynamics.

tape order not changing DOM volumes?

 

I don’t think I understand your question.

a stab at it...

Generally, I haven't attended to the 'Mkt_order/limit_order dynamics' very deeply - usefulness of the patterns are extremely context dependent.

re Dom I personally have DOM numbers showing but only glance at it occasionally to see if things are extremely thick or thin.... currently have no other uses for that information...

[deanz 10]

Thinking about it I would probably require a week rather than a day.

 

blowfish probably best to check those 2 links again me thinks.....lol

[BlowFish 10]

blowfish probably best to check those 2 links again me thinks.....lol

 

Whilst it says get the intraday data with QCollector on a daily basis it is not clear whether that is a limitation of IQ.Feed, QCollector or Gom File converter. My hunch of course is that it is the former which is a shame

 

Anyway thanks again.

[FulcrumTrader 10]

Actually there is one other option that is to use uptick/downtick as a proxy for order flow. Whether it is a better or worse proxy than delta and if so by how much is debatable.

 

BlowFish - I myself never use the uptick/downtick data and I only use actual bid/ask Cumulative Delta in all my trading. After tracking and using Cumulative Delta now for over 6 years, I have not found any subsitute for the actual Cumulative Delta data for my trading.

[FulcrumTrader 10]

Heads up to all who may order and use the OFA software for trading set ups with Ninjatrader (the only trade platform option at this time with OFA software). I have now verified several factors that WILL cause improper BID/ASK calculations at times intraday using ZENFIRE or TT FIX ADAPTER feeds. The OFA software on Ninjatrader using these feeds may show at times throughout the day improper computational realities of the order flow (that would not be good). You do not want to get set up for a trade entry off a false reality in the order flow indications at a critical time in the market.

 

Our Partners

 

One fix for this now verified problem with NT using ZF or TT feeds (for clean bid/ask dependent work) is to maybe check out the barcharts.com feed potential. I have never used barcharts.com but it may be a possible feed available at this time to have proper bid/ask computations throughout the trade day. Another option would be to use DTN.IQ feed on NT charts where you run any OFA software. I myself use DTN.IQ feed with Investor RT Pro for my primary Cumulative Delta bid/ask work each day. I continuously verify DTN.IQ feed against CME daily data runs and have no problems at all with this feed for proper bid/ask work (which you must have to use OFA software).

 

Trading Platforms. NINJATRADER. Brokerage and Data Feed Support.

 

I am not sure if the crew at OFA know about the Zenfire and TT Fix Adapter feed problems with NT6.5 or NT7 for any use of bid/ask computations. Hopefully they are already starting to address this problem and moving clients they have over to a proper feed set up that will not taint their software plotted order flow data. Ninjatrader unfortunately is not of the capability to handle all the data from these realtime un-verified broker type feeds with the recent CME data flow increase (more granularity of the feed flow.....much more data per unit of time).

 

BTW, here is a recent thread discussing these recent data flow issues..........

 

http://www.traderslaboratory.com/forums/f208/zenfire-dtn-feed-different-7301.html

[electroniclocal 10]

eSignal Data Manager Only service @ $85/month plus exchange fees with RTE_TSTQ|Routing: Tick Server Trades & Quotes (TSTQ)

Routing: Tick Server Trades & Quotes (TSTQ)

enabled (free service) works fine.

[FulcrumTrader 10]

I have had several Esignal users show me Cumulative Delta plots that were not matching my verified DTN.IQ feed Cumulative Delta plots in past months (I have no idea why?). I do not use Esignal, so I have not done any work to see if their data runs match a DTN.IQ feed these days with the new CME data outflow increase.

 

Also of note, I pay $125 a month for CME, NYSE, and the Nasdaq portion of my DTN.IQ data each month.

[COTtrader 10]

Yes. I wholly concur. George has a good thing going. My greatest concern is that their data, while coming directly from Rythmic/ZenFire and is therefore fast, may still lack the accuracy necessary to those needing a "clean", accumulative market delta tick data. The Pivot Lines drawn on the OFA charts, IMO, are cumulative market delta lines after the close of the U.S. session.

 

I also suspect that one may be able to recreate the OFA trade ladder by using a 6 tick PnF chart with a delta reversal periodicity to close the "auction" ladder and start a new one.

 

The idea is presented here: Delta Reversal Periodicity[/media]

 

COTtrader

 

QUOTE=FulcrumTrader;83081]Brian,

 

Back a few years ago, I did study a Volume Analysis tool Bill Duryea was using similar to what OrderFlowAnalytics has currently just developed......

 

http://www.tradingeducationexchange.com/products/images/ioamt/intraday.png

 

In my opinion, the new OFA charting tool for Ninjatrader makes a lot of sense to me. Anytime a trader is developing their understanding of order flow/volume distributions and moving away from traditional price derived indicators, they are on a very robust path.

[Hit_The_Bid 10]

This is a great discussion. I have been trading for over 6 years part-time. I never had any REAL positive results until starting to trade with order flow, after being introduced by a friend to the basic yet effective Time & Sales information. However I really only ever made me any real decent consistent Money after learning and following some of Kam Dhadwar's (L2ST L2ST - Trading Futures Online- Learn to trade futures online) MarketDelta Footprint execution setup's over the last year or so. I am still trying to perfect the techniques and Order Flow based setup's that they teach at L2ST, however they are honest enough to say that each setup takes take time to master. Which I respect, as I have experienced that my timing improves each and every day.

 

However the very interesting thing to me is that ONE of the exact same set-ups that I have learned from L2ST's Kam about 10 months ago, is what Order Flow Analytics is selling as a product. I personally do not feel that you need OFA, you can just use Market Delta, He explained this set-up on the footprints using the VPS (Volume Price Statistics) Indicator for tracking when the high volume buying gets trapped at the high and high volume selling at the lows, then look for them to Bail with their poor trade location out of fear, and profiting from these traders stops getting triggered. I learnt that he uses the FootPrint Price Statistics Indicator using pullback data only in MD to track what OFA call Commitment Of Traders (COT). The Risk\trade management was also explained, by using the overall Delta of the bar itself. HOWEVER the great thing is with MarketDelta you can apply this concept to any market and any time frame! i have seen it and traded the same setup on many markets, including Mini-Dow, Nasdaq and even Crude Oil and other commodities. You see it everywhere. But this was just one of the Footprint\Order Flow setup's that I learned, there are many more that L2ST still teach, some of which use a combination of the Order Book (DOM) and the resting orders, The MarketDelta Resting Bid\Ask Tool, Time & Sales alongside the MD Footprints. However you only really need 1 or 2 to be consistently profitable. So what i am trying to say is that IMO MarketDelta can do exactly what OFA can do but with more FLEXIBILITY :-) which is always good.

 

Like BGTrader said in earlier posts its worthwhile checking out kam's videos at L2ST - Trading Futures Online - Contact Us, as he quite nicely explains how to use market profile and auction theory concepts for price based set-ups and levels to trade, however using Order Flow for execution, timing and trade management.

[davewolfs 10]

This is a great discussion. I have been trading for over 6 years part-time. I never had any REAL positive results until starting to trade with order flow, after being introduced by a friend to the basic yet effective Time & Sales information. However I really only ever made me any real decent consistent Money after learning and following some of Kam Dhadwar's (L2ST L2ST - Trading Futures Online- Learn to trade futures online) MarketDelta Footprint execution setup's over the last year or so. I am still trying to perfect the techniques and Order Flow based setup's that they teach at L2ST, however they are honest enough to say that each setup takes take time to master. Which I respect, as I have experienced that my timing improves each and every day.

 

However the very interesting thing to me is that ONE of the exact same set-ups that I have learned from L2ST's Kam about 10 months ago, is what Order Flow Analytics is selling as a product. I personally do not feel that you need OFA, you can just use Market Delta, He explained this set-up on the footprints using the VPS (Volume Price Statistics) Indicator for tracking when the high volume buying gets trapped at the high and high volume selling at the lows, then look for them to Bail with their poor trade location out of fear, and profiting from these traders stops getting triggered. I learnt that he uses the FootPrint Price Statistics Indicator using pullback data only in MD to track what OFA call Commitment Of Traders (COT). The Risk\trade management was also explained, by using the overall Delta of the bar itself. HOWEVER the great thing is with MarketDelta you can apply this concept to any market and any time frame! i have seen it and traded the same setup on many markets, including Mini-Dow, Nasdaq and even Crude Oil and other commodities. You see it everywhere. But this was just one of the Footprint\Order Flow setup's that I learned, there are many more that L2ST still teach, some of which use a combination of the Order Book (DOM) and the resting orders, The MarketDelta Resting Bid\Ask Tool, Time & Sales alongside the MD Footprints. However you only really need 1 or 2 to be consistently profitable. So what i am trying to say is that IMO MarketDelta can do exactly what OFA can do but with more FLEXIBILITY :-) which is always good.

 

Like BGTrader said in earlier posts its worthwhile checking out kam's videos at L2ST - Trading Futures Online - Contact Us, as he quite nicely explains how to use market profile and auction theory concepts for price based set-ups and levels to trade, however using Order Flow for execution, timing and trade management.

 

Given the spirit of this thread, perhaps we should start to indulge in some of the setups that we all know that work. It's pretty clear that Order Flow Analytics is nothing but an attempt to profit off what MD already does.