FAQ?
What is footprint charts?
Each Footprint combines price and volume to act as a thermometer of price strength and then alerting through color. As a rule footprint charts applied to stocks or futures, however we adopted it to forex market too.
What is footprint indicator in trading?
Footprint is a type of the chart where you can see sum of the traded volumes at a specified price for a certaing period. Commonly the Footprint term is used with the term Order Flow. The #Footprint indicator allows us to see accumulation and distribution of market volumes.
Is the footprint chart (FP) a good tool for day trading?
Professional day traders have been using the footprint chart (FP) for almost a decade to earn consistent profits. Therefore, if you want to increase your trade probabilities, this is a fantastic tool to implement to your tool belt. When you look at the right information day trading becomes far easier.
How do I see Footprint charts in xtick?
In XTick you can see footprint charts in different ways. In this image you see the 'classic' footprint charts, it displays buyers and sellers volumes in each row. Delta chart displays a difference in byers and sellers volumes. Volume profile charts displays the volume for each footprint.
