4.1.1. Footprint - all about footprint

FOOTPRINT:

What Is a Footprint Chart in Trading?

FOOTPRINT IS AGGRESSIVE SIDE OF ORDERFLOW

In trading, the term Footprint is a visual display of aggressive orders by market. Footprint is an aggressive side of orderflow for market participats orders. Footprint record orders by de facto - already happens and executed in time. Footprint display stupid money activities because the orders executed on the footprint entered out of desperation with a small instant loss. Aggressive buy orders by market does not buy from market sellers. and aggressive sellers by market never sell to aggressive buyers by market. Aggressive participants orders interact only with passive limit orders waiting on another side of an orderflow.

Footprint is Aggressive volume indicators display orders executed by Market participants. The data used is level 1 data. Rhythmic level 1 data is the recommended data provider.

FOOTPRINT DEFINITION:

Footprint main purpose and definition - what is Footprint:

Footprint records buying and selling activities at each price level. It is a ledger for sales orders as bids and buys orders as ask. Each order print is own size in volume and amount of orders in lots. In simple term, Footprint is a visual display of an asset accumulations and distributions.

Footprint data presented in many different ways. Based on a footprint data we can interpret exostion of a buyer or sellers , change of trend, absorption buy buyers or sellers, imbalance, clusters and cluster zones that becomes as a support and resistance.

FOOTPRINT OLD SCHOOL VERSUS NEW SCHOOL

The old school of a Footprint chart looks like an excel tables on the candle bar. The old school of a Footprint requires a lot of mental energy to process and analyze the orderflow and buyers and sellers activities.

The new type of Footprint present complex data in a simple visual way so traders able to make analysys in a snap, quick and easy without complications. Footprint from the BestOrderFlow is a new generation new school of data presented in an easy read and to make trading decisions for a trader.

PURPOSE TO USE FOOTPRINT CHARTS:

Footprint provide deeper X-ray view inside of a candle bar.
Footprint provided better insight into market dynamics compared to traditional candlestick charts and price action analysis such as a Smart Money Price action.
Footprint provided help traders understand real reasons for price to move based on solid data instead of guessing.
Footprint chart used in intraday trading by day traders, swing traders and scalpers.

BASIC ELEMENTS OF A FOOTPRINT:

Footprint present Level I data includes volume and size at a price:

Best Bid and Ask Prices: The highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).

Bid and Ask Sizes: The number of shares, forex lots, or contracts available at the bid and ask prices.

Last Trade Price and Size: The price and number of shares, forex lots, or contracts involved in the most recent transaction.

Volume: The total number of shares, forex lots, or contracts traded during the current period.

Delta : Difference between ask and bid volume on a footprint at a particular price level is a delta. Delta shows whether buyers or sellers are more aggressive and winning at that price level.

POC: price with highest volume traded a candle bar is POC - Point of Control

Imbalance: Footprint Imbalance: footprint can show simple and stocked calculated imbalances. Imbalance between orders happens when orders on one side is significantly prevalent over orders on another side and price is extended without resistance creating an impulse move. Fare Value Gap FVG is a type of imbalance that is easy to spot and used ion a smart money concept / price action trading. Smart Money Traders can advance their trading with a footprint imbalance.

Absorption: Footprint is able to reveal absorption - areas where large orders on a one side are being absorbed by another side. Absorption or repeated absorption is a precoursor for trend reversal, and may become as support or resistance sone.

FOOTPRINT and other INDICATORS Pack 1 Aggressive:

Aggressive volume indicators based on level 1 data included in Pack 1:

Footprint: candle Volume profile, Bid/ Ask, Range Volume Profile/Delta, Stack imbalances, Filtered imbalances, Clusters, Diversions, Delta blocks, Delta visualization, Delta Profile.
Volume profile it is a horizontal histogram of volume spreaded across vertical price levels. It shows traders where the most activity occurs at specific price points. Volume profile provides insights into market liquidity and potential support/resistance levels.

FOOTPRINT PRESENTATION

Watch the presentation about Indicators from Pack 2 on the main menu, Footprint https://bestorderflow.com/footprint.

READY-TO-USE TEMPLATES:

Individual Indicators templates:
- Every indicator template can be loaded from the Indicator Name/ Properties/bottom right corner. Click on the Word templates and load the template.

- Every indicator template can be found inside: Documents\NinjaTrader 8\templates\Indicator\indicatorname \
- Save /unzip new individual indicators inside: Documents\NinjaTrader 8\templates\Indicator\indicatorname \

Chart templates for Pack 1:

Multiple indicators assembled on one chart :

- To load a Chart template, right click on a chart/ Templates/ Load...
- To save a chart template, right click on a chart/ Templates/Save as...
- New chart templates should be manually copied/unzipped into directory:
C:\Users\olegm\Documents\NinjaTrader 8\templates\Chart\

DOWNLOAD ready-to-use templates on our Discord channel.
We share a lot of charts, and also individual indicator templates, on our Discord and Telegram channels:

1) Download from Discord Community: https://discord.gg/2CJAuQ87GY

2) Download from Telegram https://t.me/+b678L2hiDc0xYjkxOur