MZPack - My Favorite Ninjatrader Indicator Suite
Hey you!
I just wanted to give a shout out to the folks at MZPack. These guys have created a fantastic indicator suite for Ninjatrader. If you are looking to get into Order Flow, but are doing so on a budget, I can't recommend them highly enough.
You can see or purchase MZPack here - https://www.mzpack.pro/?affiliates=85.
I was able to snag my license for a mere $200 around Black Friday (last year). It has aided profoundly in my use of the Volume Profile, the Footprint, and reading delta.
The Volume Profile is definitely the centerpiece for me. It's HIGHLY customizable, and you can utilize it in any timeframe. I currently run three different charts - a 15m w/ a daily profile, a 4hr with a weekly profile, and a daily chart w/ a monthly profile. I look for opportunities when price is either below value, or over value (in all three timeframes) and employ a mean-reversion method. It also has a classic Market Profile, with TPO's, that automatically plots the initial balance for you!
Along with the VP, it also comes with a fantastic Footprint chart. This is a great way to see what's going on inside the candles, how volume is flowing in and out, and the behavior of the aggressor. It also has some great audible notifications so you can hear when delta or volume is shifting, large imbalances occur, or significant absorption kicks in. The variety of ways that you can customize it is remarkable.
It also comes with a simple Volume/Delta indicator that rides on the lower portion of your chart. I have mine setup to show me normal delta candles, as well as cumulative delta, and a third that simply shows volume. This can be really helpful for seeing when the aggressors aren't getting their "money's worth," and when significant absorption/exhaustion kicks in.
Lastly, there is a "big trade" indicator, that shows volume dots (similar to Bookmap). You can customize it to show whatever levels you want, in addition to iceberg orders and DOM pressure (absorption/reloading on the limit order book). There's also a market depth indicator that shows a heatmap for the limit order book, so you can visualize where the strong support/resistance is at, where the market is likely to struggle, and where large, standing liquidity might create fantastic scalping opportunities.
I've been running it for about a year now, and it has been one of the best values I've ever gotten, in terms of tools. If you really want to take your trading to the next level, order flow is definitely the way to do it. Granted, it is a skill, and it will not make you a pro-trader overnight. That being said, the ability to interpret large amounts of data, with speed and efficiency, will ultimately give you an edge over the competition.
You can see or purchase MZPack here - https://www.mzpack.pro/?affiliates=85.
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