A live footprint indicator showing bid/ask volume and delta at price levels, providing real-time trading volume insights with two distinct visualization modes.
Explore complementary indicator rolesHow it works
The footprint indicator tracks trading volume dynamics by displaying bid and ask volumes at specific price levels using two primary modes. In Delta mode, it shows bid/ask delta numbers on the left side of each price level and total volume numbers on the right, providing a comprehensive view of buying and selling pressure.
In Bid vs Ask mode, the indicator presents bid volumes on the left and ask volumes on the right, with color coding based on diagonal differences. This visualization helps traders understand the immediate supply and demand dynamics at each price point, offering insights into potential market movements.
Why it may be useful
The footprint indicator provides traders with granular insights into market microstructure by revealing the actual volume exchanged at each price level. It helps traders understand the real-time balance between buyers and sellers, offering a more nuanced view of market sentiment beyond traditional price charts.
By showing the depth and direction of trading volume, this indicator allows traders to identify potential reversals, confirm trend strength, and make more informed trading decisions. The detailed volume information can reveal hidden market dynamics that might not be apparent through standard price and volume displays.
When to explore it
The footprint indicator is most effective for traders seeking detailed volume insights in fast-moving markets, particularly during periods of high liquidity and active trading. It works best for traders who need to understand immediate market sentiment and volume dynamics, such as day traders and scalpers operating in liquid markets.
Traders should use this indicator when they want to gain a deeper understanding of market participation, identify potential support and resistance levels, and assess the strength of price movements. However, users should be aware of its limitations, such as snapshot-based updates that may not capture every tick precisely.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
