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Making it Easy to Read the MarketDelta Footprint Chart
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MAKING IT EASY TO READ THE FOOTPRINT CHART
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These are the slides from a webinar we did that reveal some very specific "trigger" setups for trending markets, sideways markets, and also show a bunch of examples for spotting and taking advantage of reversals. This is all done using the Volume Imbalance Footprint with MarketDelta Charts. The first part is a description of the Volume Imbalance and the second part contains all the examples.
Transcript of Making it Easy to Read the MarketDelta Footprint Chart
MAKING IT EASY TO READ THE FOOTPRINT CHART
For those new to MarketDelta
● Creator and inventor of the Footprint® chart. (last year was our 10 year anniversary - woohoo!)
● A leading Market Profile® reseller for CME Group.● Trading and charting software company developing
tools and charts that help traders achieve their goals.
What is Volume Imbalance Footprint
● Based upon years of understanding and experience.
● Easy way to make use of “Inside the bar” data.● Uses an algo to identify imbalances.● Simplifies reading the Footprint.● Clearly identifies the fuel (volume) in the market.
Traditional Methodology
and shades the background based on the dominant order flow
How a DOM Represents the Data
Volume Imbalance Methodology
and shades the numbers either green or red to indicate the dominant side.
Volume Imbalance Methodology
Volume Imbalance Meaning
Strong Ask Volume - Buy Volume Imbalance - Typically green or blue (aggressive buying)
Strong Bid Volume - Sell Volume Imbalance - Typically red (aggressive selling)
Weak Volume (either side) - typically navy or silver. This is neutral volume.
Volume Imbalance Meaning
APPLICATION
REVERSALS
● Watch for volume imbalance color shifts at your support and resistance levels.
● Volume imbalances make it easy to identify shifts in order flow.
REVERSALS
REVERSALS
REVERSALS
REVERSALS
REVERSALS
RANGE BOUND / SIDEWAYS● Watch the extreme prices of the range. Intrabar
(Footprint) information let you do this!● Stuck longs and stuck shorts at price extremes.● Clue - volume imbalances tend to be at the extremes.
CONGESTION / SIDEWAYS
CONGESTION / SIDEWAYS
CONGESTION / SIDEWAYS
TREND / CONTINUATION● Follow the volume imbalance. Stick with the dominant
order flow.
● Identify the trend and ride it. Look for a reversal of trend to lighten up you position.
● Let the volume imbalance keep you on the right side of the market. It is dangerous to fade.
TREND / CONTINUATION
TREND / CONTINUATION
TREND / CONTINUATION
Volume Imbalance Footprint Benefits
● Easy to understand and trade with.● Identifies the trend.● Confirms support & resistance levels.● Intra-bar information - Be ahead of the competition!
GIVE IT A TRY!YOU WON’T REGRET IT.www.marketdelta.com/trial
This functionality is in all editions of MD Charts.
