Module Breakdown

Discover the depth of market activity with our Footprint tool, still in Beta, which offers a detailed volume-at-price analysis. It helps you visualize where buyers and sellers are transacting most frequently, thereby identifying areas of high liquidity. This tool is invaluable for traders looking to understand market sentiment and find significant price levels for entry and exit.

Footprint charts have become an essential tool in modern trading, offering deep insights into market dynamics that traditional charting methods may not reveal. These charts display not just price and time, but also the volume traded at each price level, distinguishing between the volume executed on the bid and the ask. This detailed view helps traders understand the intensity of buying and selling at specific price points, enabling them to build a more nuanced context around their trades. Footprint charts assist in validating trading setups and can significantly improve the timing of entries and exits. The visualization of volume at price offers a clear picture of where the market participants are most active, providing clues about potential support and resistance levels.

The increasing complexity of financial markets has led traders to seek more intricate and informative tools, prompting the adoption of footprint charts. These charts represent a significant advancement in market analysis, offering insights that go beyond basic price and volume data. By displaying detailed information about the volume transacted at each price level, along with the distinction between volume executed on the bid versus the ask, footprint charts provide a granular view of market activity. This level of detail is invaluable for traders looking to understand the depth and nuances of market sentiment. The charts effectively illustrate areas of market strength and weakness, enabling traders to pinpoint potential support and resistance zones. This enhanced visibility into market dynamics allows for more precise strategy formulation and execution, catering to the needs of traders who require a deeper analysis of market behavior for their decision-making processes.

Footprint charts come in various styles, each offering unique insights into the market. The Bid/Ask Footprint chart, for example, helps identify imbalances between buyers and sellers and can be used to spot potential support and resistance areas. This type of chart is particularly useful for identifying areas where there is a significant divergence between the volume of buy orders executed versus sell orders, which can indicate potential turning points in the market. The Delta Footprint chart, on the other hand, focuses on the net difference between buying and selling pressure, shedding light on which side of the market is more aggressive and potentially driving the price trend. Lastly, the Volume Footprint chart offers insights into market liquidity and significant price levels, highlighting high volume nodes (HVN) and low volume nodes (LVN). These nodes can act as key support or resistance levels, especially when the price retraces to these areas.