prtrader Posted September 19, 2013 Report Share Posted September 19, 2013 I wanted to start this thread so we can discuss some ideas on how we use order flow to trade. This can be from our own systems we have designed, or from systems taught by educators. In my case, I want to start with some questions about one of the most popular softwares used for order flow. I know what some of the numbers represent, but I have questions about other numbers and features of the software. I have attached the pic with what I know, and the questions that I have. Maybe somebody can help me out, and we can exchange ideas on how we use this software. http://postimg.org/image/w2rnci2ap/ Quote Link to comment Share on other sites More sharing options...
⭐ ibandrew88 Posted September 20, 2013 Report Share Posted September 20, 2013 Do you have ofa working? How do you do it? Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 20, 2013 Author Report Share Posted September 20, 2013 I connect it to Ninja for data, and use the indicator in the ninja charts that sends the info to the software. Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 23, 2013 Author Report Share Posted September 23, 2013 Does anybody know what those numbers represent? I'm guessing they represent some sort of *** delta that shows what type of orders were predominant in the bar, but it is not traditional *** delta because it doesn't add up. Anyways, this is an example of how I use that number and a trade example taken off how I use it. The number is neg. in chart 2, so it means sellers are strong and get a SIT, so after the period closed, I set put a sell order 1 tick below the cluster as shown in chart 1; also chart 1 had a RS a couple of ticks above the cluster on chart 2. I got filled and am currently 3 points in profit. Here is an image: http://postimg.org/image/kj1a70olj/ tradernate 1 Quote Link to comment Share on other sites More sharing options...
tradernate Posted September 23, 2013 Report Share Posted September 23, 2013 @prtrader...could you please upload the fixed software that you have working....Thanks...Nate Quote Link to comment Share on other sites More sharing options...
traderforlife Posted September 23, 2013 Report Share Posted September 23, 2013 hey prtrader--ive been testing these ofa for a few weeks-they are very powerful. your charts show it perfectly- just a comment on your second chart--when you get those big negative numbers on the top of an up bar followed or preceeded by a RS (responsive selling)--great place to go short ofa website has some good videos to help explain btw--when i click reply with quote the site hangs--so just a normal reply Quote Link to comment Share on other sites More sharing options...
tradernate Posted September 23, 2013 Report Share Posted September 23, 2013 OK...Can anyone please upload the fixed software that you have working....Thanks...Nate Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 23, 2013 Author Report Share Posted September 23, 2013 @prtrader...could you please upload the fixed software that you have working....Thanks...Nate Send me a PM, and I'll give you the link there. I've noticed that lately a lot of links have been taken down. traderx4 and tradernate 2 Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 23, 2013 Author Report Share Posted September 23, 2013 hey prtrader--ive been testing these ofa for a few weeks-they are very powerful. your charts show it perfectly- just a comment on your second chart--when you get those big negative numbers on the top of an up bar followed or preceeded by a RS (responsive selling)--great place to go short ofa website has some good videos to help explain btw--when i click reply with quote the site hangs--so just a normal reply Can you tell me what those numbers on the top represent? Can you show me, on the image I uploaded, what you mean about my second chart? Quote Link to comment Share on other sites More sharing options...
traderforlife Posted September 23, 2013 Report Share Posted September 23, 2013 i can but not now--bedtime for me now--you need to check out the vids on the ofa site as well-they will tell you eactly what the numbers mean--better than I can by the looks of your trades on the charts you already know how it works http://www.screencast.com/users/OFANinjaLibrary/folders/OFAFREE tradernate 1 Quote Link to comment Share on other sites More sharing options...
trad128 Posted September 23, 2013 Report Share Posted September 23, 2013 cannot pm yet, so if you could just pm me the link will be really appreciated. Quote Link to comment Share on other sites More sharing options...
trad128 Posted September 23, 2013 Report Share Posted September 23, 2013 watched two video by OFA last night: OrderFlowAnalytics Order Flow & Game Theory Part I - OrderFlowAnalytics Order Flow & Game Theory Part II - Quote Link to comment Share on other sites More sharing options...
traderbob Posted September 24, 2013 Report Share Posted September 24, 2013 anyone have the link??? Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 24, 2013 Author Report Share Posted September 24, 2013 An example from today: http://postimg.org/image/cgelbwauf/ I watched some videos, but still don't know what some of the numbers mean. I'm guessing the first one is the COT, but what about the second one, after the "/"? ⭐ laser1000it 1 Quote Link to comment Share on other sites More sharing options...
traderforlife Posted September 24, 2013 Report Share Posted September 24, 2013 An example from today: http://postimg.org/image/cgelbwauf/ I watched some videos, but still don't know what some of the numbers mean. I'm guessing the first one is the COT, but what about the second one, after the "/"? second one is cot --calculates difference from the latest high of bar--or low if at bottom first is accumumulated trades-net minus or plus for the bar tradernate 1 Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 24, 2013 Author Report Share Posted September 24, 2013 @traderforlife Thanks! So basically, the first is *** delta and the second is COT? I heard something about the second one being the activity right at the close in the last 2-3 ticks of the period...maybe they said it because it's a 3 tick reversal chart, and therefore the last 3 ticks would be off the high/low giving you the COT. What about the 2-3 price levels highlighted in the price axis with shades of blue or orange color? tradernate, Nukem, Livermore and 1 other 4 Quote Link to comment Share on other sites More sharing options...
traderforlife Posted September 24, 2013 Report Share Posted September 24, 2013 the shaded areas are the volume cluster areas--i use the ninja indi and u have the ofa stand alone so some things are different Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 24, 2013 Author Report Share Posted September 24, 2013 @traderforlife I dont think we are talking about the same shaded areas....the shaded areas on the candles are the volume clusters. If you look at my first post, the image there shows what I mean by the shaded areas on the price scale. Quote Link to comment Share on other sites More sharing options...
tke1 Posted September 24, 2013 Report Share Posted September 24, 2013 He has free webinars every Tues - join one... Link on his site or here https://ofa.adobeconnect.com/_a1133826960/r8ylx50rwts/ ⭐ stocktrader78 1 Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 24, 2013 Author Report Share Posted September 24, 2013 He has free webinars every Tues - join one... Link on his site or here Thanks for the info, but I can't make it at the time the webinar takes place, I'm working at that time. ⭐ laser1000it 1 Quote Link to comment Share on other sites More sharing options...
tke1 Posted September 24, 2013 Report Share Posted September 24, 2013 Join the Free Forum and all the webinars and basic training are posted there plus Q&A and tips, set-ups etc etc etc Create an account here .... http://ofa.invisionzone.com/ Quote Link to comment Share on other sites More sharing options...
rfernantrd Posted September 28, 2013 Report Share Posted September 28, 2013 prtrader, the ofa standalone you have, working well with any datafeed, or only with IQfeed? Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 28, 2013 Author Report Share Posted September 28, 2013 I connect it to Ninja for data, and use the indicator in the ninja charts that sends the info to the software. I don't use it directly with a data feed. Quote Link to comment Share on other sites More sharing options...
tradernate Posted September 28, 2013 Report Share Posted September 28, 2013 PRtrader...HOW do you do this? Originally Posted by prtrader: I connect it to Ninja for data, and use the indicator in the ninja charts that sends the info to the software. I don't use it directly with a data feed. Quote Link to comment Share on other sites More sharing options...
prtrader Posted September 28, 2013 Author Report Share Posted September 28, 2013 PRtrader...HOW do you do this? Originally Posted by prtrader: I connect it to Ninja for data, and use the indicator in the ninja charts that sends the info to the software. I don't use it directly with a data feed. Start OF@ - go to Help menu - Ninja Trader Data Feed Setup Start NinjaTrader -open chart - add indicator - Dat@feedtoorderFlow Connect OF@ to NinjaTrader (File - Connect - NinjaTrader) and Start Analisys - Remember the date of the contracts!!!! Livermore, ⭐ aytacasan and tradernate 3 Quote Link to comment Share on other sites More sharing options...
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