Blog

Last updated: Mar 5, 2021

Hybrid mode for Order flow

Indian Market (NSE) data providers (eg. Accelpix) don’t translate historical bid/ask data so far. For Indian users, Hybrid mode for ‘Orderflow – Calculation’ settings has been added. The Hybrid mode uses UpDownTick calculation for historical data and BidAsk calculation for real-time data, which is more accurate. Hybrid mode is available starting from version 3.15.11.
For ‘Spread trades’ set Split or LastKnownSide.

Non-Crypto volumes divider and Ticks per level

Indian users must adjust Non-Crypto volumes divider and Ticks per level parameters.

For NIFTY features set volumes divider = 75 according to lot size. BANKNIFTY features has 20 as the lot size. See the above image. Non-crypto volumes divider is available starting from version 3.16.3

For NIFTY futures set Ticks per level = 40. We use this value for mzFootprint on 240 Range chart and for mzVolumeProfile on 30 Min chart.

For BANKNIFTY futures set Ticks per level = 1500.

mzBigTrade Indicator

mzBigTrade Indicator requires fine-tuning. See image. You can use 10 Tick chart to refine your entries. Take some screen time to make adjustments suited for your trading strategy.

Download BANKNIFTY – NIFTY workspace. MZpack 3.16.3 or later required.