Bestorderflow MBO Alternative

[ampf]

This is a great alternative to bestorderflow MBO.

https://www.ninjastrategyloader.com/wp-content/uploads/2025/08/NSL_Market_Depth_Order_Flow.zip

 

 

 

needs to be educated

 

 

[ampf]

https://www.ninjastrategyloader.com/nsl-market-depth-order-flow-for-ninjatrader-8/

[ampf]

https://www.youtube.com/watch?v=iImOk0QEvzE

[traderhb]

Any idea how this even works when Ninja themselves say they don't support MBO data? A recent review on TrustPilot even called out BOF for the same thing... Just curious if anyone's tested BOF or the alternative mentioned in this post against Atas, MW, or QT to see if it actually matches up?

[ampf]

bestorderflow requires level 2 data as this requires too. bestorderflow has a discord group where results ar posted and they are impressive, but it costs 1500usd. Regarding to comparison with other tools, I haven't done however the best test you can make with this kind of tool is to watch the levels with the most significant volume and see how the prices reacts to it. In my opinion any match with other tools is not relevant, if it gives me reliable info is what it matters.

[ampf]

@apmoo @kimsam 

This is a very good alternative to MBO

[kimsam]

2 hours ago, ampf said:

@apmoo @kimsam 

This is a very good alternative to MBO

here u go .. good 🤞  ..   https://workupload.com/file/rDpKAsG7Wq2

[ampf]

password is indo-investasi.com


Thank you very much @kimsam

 

 

 

Edited September 30 by ampf

[⭐ ajeet]

I think MZpack Market depth is also same as this one.

[Liwulong]

What is the password to the file link?

 

[fxzero.dark]

7 hours ago, Liwulong said:

What is the password to the file link?

 

password is indo-investasi.com

[Liwulong]

Thanks.. I guess I am getting old. I saw it this morning when I was scrolling through the thread.. not sure how I missed that..

[1Rustam]

On 9/29/2025 at 11:36 AM, ampf said:

This is a great alternative to bestorderflow MBO.

This is not alternative. This is one of "fake" MBO.

Do you see, they don't even call it as Mbo. And that's correct.

They just use L2 data changes to simulate Limit orders Adding and Removing.

But this method is complete nonsense.

Using L2 data you do not know which specific order is removed from the queue or which of them is modified.

At the same time, Bestorderflow uses real L3 data, also known as MBO, to reconstruct the real queue of limit orders.

Edited October 3 by 1Rustam
Add some sentence

[ampf]

Thank you @1Rustam for correcting the information that I mistakenly provided but at first sight for me this was MBO. Thank you for letting know that this is not a real MBO and as so cautious is recommended and my apologies.

[Liwulong]

@apmoo Please can you edu this BOF iceberg indicator? https://workupload.com/archive/jBPrZrz3N5

[TRADER]

9 minutes ago, Liwulong said:

@apmoo Please can you edu this BOF iceberg indicator? https://workupload.com/archive/jBPrZrz3N5

@kimsam