3. Types of Footprint charts Flashcards
1
Q
Volume Footprint
A
2
Q
Bid Ask charts with profile
A
3
Q
Imbalance charts with profile
A
Easy to see market participants moves as highlighted areas and trade it.
Very effective when combined with support / resistance areas.
4
Q
Key data in footprint
A
-Bid & Ask Volume
-Bar Statistics
-Delta
-Cumulative delta
5
Q
Example: application in swing trading
A
mark 1.: (+97.45k) Failure to follow through despite strong buying signals, a top in 30 min chart.
-quickly can spot out: green bar spike up
mark 2.: (-63.98k) Sell delta candles, signals break of upside and a potential downside move.
-quickly can spot out: red bar down
