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Orderflow issues on EURUSD/forex pairs
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Hello WHICKED,
Thanks for your post.
This is because the Order Flow tools compare bid/ask prices to Last tick prices to identify buys and sells.
Since FOREX does not have a centralized exchange, there is no Last tick. NinjaTrader will substitute the Bid price in place of the Last price, so we can see results like this when viewing FOREX.
Up/Down tick calculation may be considered as an alternative when using Order Flow tools on FOREX.
Let us know if you have any additional questions.JimNinjaTrader Customer Service
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Originally posted by NinjaTrader_Jim View PostHello WHICKED,
Thanks for your post.
This is because the Order Flow tools compare bid/ask prices to Last tick prices to identify buys and sells.
Since FOREX does not have a centralized exchange, there is no Last tick. NinjaTrader will substitute the Bid price in place of the Last price, so we can see results like this when viewing FOREX.
Up/Down tick calculation may be considered as an alternative when using Order Flow tools on FOREX.
Let us know if you have any additional questions.
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Hello WHICKED,
Are you connected to a FOREX data provider that offers historical tick data?
Data by provider - https://ninjatrader.com/support/help...y_provider.htm
I tested with FXCM and received the attached result.JimNinjaTrader Customer Service
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Hello WHICKED,
The short answer is no.
FOREX does not have a centralized exchange, so there is no Last tick. NinjaTrader will substitute the Bid for the Last price in order to build a chart, but we cannot make Bid/Ask price comparisons to the Last tick to see if it was a Buy/Sell because of this fact alone.
I'm really not sure how that kind of analysis could be done with FOREX.JimNinjaTrader Customer Service
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