Setting Up a Basic Footprint Chart in Sierra Chart - Step By Step
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- Опубликовано: 9 окт 2024
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This is priceless. This guy is king in delivering his knowledge without asking millions for it like many wanna-be Gurus. Thanks, Boss
Appreciate that Jude
You are my hero. Nobody else explains sierra charts like you do. Thank you very much
You know, some here on RUclips are trying to sell this for 1000s of Dollars...Thank you so much.
WOW!! This is the best and easiest setup for Footprint that I have watched and then duplicated. Well explained for us that have the Sierra Charts package and are new to using it. Just great! Thanks.
Great to hear!
Thank you, thank you, thank you very, very, very much for making this video. I never know and thought that these are how the candlesticks were made and used with numbers bars. No wonder why banks and the top traders bank profit all the time
Anyone can now do this, your instruction was spot on, first time I enjoyed learning something important in my life
Thank you so much for your time and showing us step by step. Keep up the great work that you are doing. 😎 I just subscribed to your page.
Thanks for the sub!
This video is gold for me! Allow me to send you some love.
Sir, you are the greatest! Thank you so much for explaining everything in detail.
Glad it was helpful!
Your video are insanely helpful. I’m just starting my footprint chart journey and your videos are helping a lot.
Great to hear!
It is very very helpful for me as the newbie to Sierra Chart, well explain! Thanks a lot for your sharing.
Note that your charts may looks slightly different in terms of font color/size, chart background color, scales, etc because Sierra will open charts by default with your own graphic settings for your specific computer that it is installed in. In order to adjust all these go to Global Settings > Graphic Settings Global, or Chart > Graphic Settings Chart if you do not have the "Use Global Settings" checked. You may also just need to resize the chart windows depending on your monitor's resolution, you may do so by clicking the edge of them and dragging, or go to the Window menu on top and then select an option (cascade, tile, tile as grid, etc) to re-organize the chart windows.
Such an excellent explanations. I truly appreciate your videos.
Glad you like them!
Very clear and informative. Much thanks!! 👍👍
Glad you enjoyed it!
You do a great job at explaining this order flow trading technique. I’m a new subscriber. Thank you!
Thanks for the sub!
Thanks a lot for your time to explain footprint to us
Love how detail got channel is and straight to the point.. Thank you
Your videos are very helpful. Thanks for your hard work 👍
Priceless content, thank you so much
Perfect explenation, thank you☝️🙏
Hello,
First of all, thanks for posting such a valuable content for learning about SC.
In second place, I have a couple doubts that I couldn't resolve with your tutorial:
1. For the MIN delta, how can I change colour? I want to set it up in red instead of green but looks like that it cannot be done as values are positive and everything that is positive it will be green.
2. how can I include percentage of delta vs volume? I want to know which percentage of volume is delta.
Thanks in advance!
Awesome job. I love the way you explain things so SLOWLY and in detail with all the nitty-gritty stuff which are extremely important. There is a big talk going on about foot prints charts. Do you find them a very crucial arsenal in a trader's tool box? or they are just a hype? How has your trading changed once you transited from a regular candlestick observation to footprint charts?
It depends. I only use footprint on low time frames for quick day trading signals. Some people might use them on higher time frames too. They are definitely useful. Especially to track order absorptions. Are they a magical tool and crucial to success? No. Like anything in trading there is no magic indicator. But yeah it's just another layer of confluence. I still consider Volume Profile my #1 tool. But when I have a good S/R level based on VP or historical market structure and then I look in the Footprint and it confirms traders are trapped (like high aggressive selling coming through at a support level and price won't breakdown for example) then those are useful signals and I use it for help with entries, stop placement and tps.
@@PriceActionVolumeTrader Do you use DOM along with your VP? or just VP?
Mostly just VPs, Footprint and Delta
@@PriceActionVolumeTrader Thanks.
awesome Thanks for all this knowledge sharing!
Glad it was helpful!
Big Thanks!! learned a lot from you.
Great to hear!
Hi 😊
Do you have in your channel videos that is explained how to read the footprint chart? Please 🙏
Thanks as well for your time and energy that you put to help us, the new beginners 😊
Yes, I have a video here plus I go into more detail in my Orderflow course too, but this is a good intro: ruclips.net/video/3IMTQf2PBwk/видео.html
@@PriceActionVolumeTrader Thank you dear being 🙏🥂
I needed this, really, very well explained
Glad you liked it Ben
@@PriceActionVolumeTrader Did you do one of the stacked imbalance indicator?
I did mention the imbalances settings in this video.
@@PriceActionVolumeTrader Yes I know. I refer to Volume at price threshold alert V2
@@PriceActionVolumeTrader The main issue is that it marks a staking but it has 46 price levels and no matter how many times I think about it, I can't find which of them would be valid to have a good signal, so I was asking you about this indicator if you know anything, Thank you beforehand
Thank you so much for all your work teaching us!
Very transparent! Aloha 🤙🏼
Too Good. Loved it. Thanks
Great video bro.. need a video on scrolling pls
really nice video, thanks for making it
Glad you liked it!
SO VALUBLE THANK YOU SO MUCH
excellent
detail and value video i seen
This is a great video. Can you kindly tell me your cursor settings. My sierra doesn’t move like this. It only has a horizontal line for the cursor mouse and doesn’t let me manipulate the chart size like you. Thanks
I have a whole video on it here:
How To Move Sierra Chart like TradingView:
ruclips.net/video/PvUv6t86gNc/видео.html
Another awesome video! Question: how do you get it so the numbers are not so scrunched up though? If I zoom in, I can't see the numbers, and if I zoom in, I can't see the structure. I have this same issue with the trading DOM
There are several options in the numbers bar (footprint) study settings. At the bottom, called "space adjusting". You can move the numbers to adjust better left/right. You can also change the number size with another option from the list. There is another option near the middle called "number separator character", if you choose 4 spaces that will make them the furthest apart.
Thanks for this! I see that it works for ES really well, but much tougher for NQ, as increasing the space adjustment or font still leaves it squished and too zoomed out to see anything (even if I change the font) or too zoomed in and unable to see structure. Would you mind having a look at NQ - would love to duplicate your settings there 🙏@@PriceActionVolumeTrader
Awesome video, was wondering if there is a way to change the vertical height of the font in both the FP and the Calc values?
You mean font size? Yeah there is an option in the study settings.
Found it, much appreciated 🙏🏽
Could Sierra Chart possibly make these settings any more unintuitive? Thanks for the excellent video
It takes some effort to get familiar, but it's worth it.
you are amazing just i have question im using free sierra chart what deference between payed and free versions!!!
There is no free version. You need at least the basic subscription
Awesome work, thanks 🙏
Couple of things, when I open new chart it’s background is black when I change to white it’s messed up all other colours on chart too, and how to save the chart so if I open new instrument I don’t have to do all again ? Thanks
Just pinned a comment in the video clarifying this issue and how to resolve it. As far as saving, whatever you save before you quit Sierra will be the symbol and settings that the chartbook will open back up with.
fantastic teacher anyone can understand ,,, can you please tell me does this method work with all charts forex, indices ,, also what package do you advise to purchase when signing up with sierra charts many thanks
This was a great video. You have a very nice way of explaining things. I do have one problem though. My candles are so thin I can’t see the numbers inside. I tried to widen them but they just won’t get any bigger. Do you have any suggestions? I was going to try to send you a picture of what it looks like but I don’t see an option where I can send one
There is a setting in the options for the width. Also it might have to do with how zoomed out you are?
Hi can you make a video on how to setupd a total volume chart and then the delta chart right next to it, I believe you showcased this in your intrduction to footrpint charts video, if you get the chance I would really appreicate a video, thank you.
I’ll see in the future.
@@PriceActionVolumeTrader Thank you so much!
Great video!
Hello, I don’t understand a little what you mean about the Asian session, as far as I know, futures contracts have only two sessions, ETH and Regular trading hours, can you please explain this point, I don’t quite understand it
I say Asia cause it’s the first few hours of ETH before and when the major hong kong markets open at 8pm EST. But yes, it’ll all one extended session from 6pm to 9:30am. London and Europe open at 3am EST so I am never awake to trade then. Both the Asia and Europe open increase the volume as the day progresses leading to the RTH open.
@@PriceActionVolumeTrader It's a little complicated, do you have any videos on the channel about it? But if not, it would be a great video to explain to beginners how sessions work. Could you please make a video explaining sessions and trading hours in the future?
Yes, I have the same situation, I'm confused! Evening session, afternoon session, regular trading hours, electronic trading hours, Asian session, London session etc... please explain all this🙏🙏🙏
I have an introductory guide to Futures Trading that talks about session times and volumes: ruclips.net/video/9u_bVqbU88M/видео.html
ok i think i figured it out, must be a different version of sierra chart, in my version the black appears to be the dominant color in the diagnol
Order flow could be used in forex market? Have you tried? Tks for your content
Not in spot fx. But you can use CME currency futures.
great video ty!
Thanks
Appreciate it Jacqueline!
@@PriceActionVolumeTrader 🙏🙏🙏
Thanks bro
No problem!
I think you are the only one that correctly uses “Based on Diagonal Dominant Side askvol bidvol percentage.” Every other video I have ever watched uses dominant side and it looks so weird. Have you noticed this?
Have not really seen what others do but it’s how I’ve always done it.
@@PriceActionVolumeTrader it gives very different results so it is kind of funny people haven’t had more discussions about this. I honestly think most the people using it just have no idea what they are actually doing lol. I noticed with diagonal i see red on wickout up moves when it is about to reverse, which is exactly what i want. With the other way, i way more often see greens at the top, and vice versa
Great Video.
sir can u make a video how you costomize your best read footprint chart ?
This video goes over the basics of it
guys it's amazing but my problem is how i move the chart like him at 30:49 it's vry important and silly at the same time hooow i want to move the chart to make the candls in the center without zoom in or out
Nice one 👍
thank you very much sir
hi, just wonderin, do u know how to
add VP (on the inside our outside) the candle on this footprint chart, notice some videos with this feature with different style of orderflow??? thanks this video as been gold!!
Yes. You can add a Volume by Price study to the chart and it will generate a mini volume profile for each candle. You might need to go to the VP study settings and under Volume Graph Period Set it to "Multiple Profiles Based on Bar Count" and then make sure below the Number of Bars for 'Based on Bar Count' is set to "1". That way it will generate one profile per candlestick.
Do I need to pay for the Denali market feed data if all I plan to do is use Sierra chart for order footprints on stocks traded on the NASDAQ? I already subscribed to the advanced package.
I’d check the website. Not sure about Denali with stock data.
Are these settings good for forex ? Or do you have a video for forex settings ?
Spot forex does not work with Orderflow tools. You could try using CME currency futures. The base settings and imbalance settings should work well in any futures market.
Thanks bro
Thanks you!
Good work 👌😊
will it also apply to the equity market?? thanks
Yes
V good video thanks
Thank you
I am waiting you👏
It's ready!
thank uhh sirrrrr😘❤
No problem!
This video is superb.
However may I ask - I'm using the black background for ease on the eyes.
Having done that I now can't see the wicks of the candles.... I can't for the life of my find where to set the colours of the wicks? - Anyone able to assist ?
Under the chart menu - graphic settings there are options to change the candle outline colors for up or down candles or outlines.
some of my numbers in the candlesticks are white while some are black, any idea how to change the font to all black? great video btw thankyou sm
It is probably based on the "color text based on" the imbalances. If you go to the color scales in the settings, check to see there are no white options when selecting the shadings for the text in imbalances
can you please make a video on how to make a rotation based footprint chart in sierra please
What do you mean exactly?
i set i up just like u said but on the numbers bars im getting white and black numbers on both sides, i do get the imbalance highlighted but its annoying that i have other numbers on both bid and ask side that are black and white and i dont really know why
Hey brother thank you for this video and your trading view one helps a lot! I tried downloading the link for the basic chart template on your site but i keep receiving error message. I also had went through all the steps but the footprint info is all collided and out of place, sometimes outside the box off to the side. Dont know what to do
You mean the chartbook file for the footprint I share through my website? I checked and the file seems to be fine there. You might need to change the scale settings or font sizes to have the numbers show correctly.
Can foot print charts be used for swing trading or it is only applicable to intraday? Thank you so much in advance.
I have seen some people use it on like the 30min timeframe (mostly market profile people) and you can still observe big volumes and absorption with it that can help identify big areas of interest in price or levels that are being defended. I personally use it for quick intraday signals of absorption levels to use for entries and stop loss/take profit areas.
@@PriceActionVolumeTrader I need to learn a lot from you sir.
Hi, please help, I did everything as you did and everything worked out for me, thanks, but there is a problem, the numbers overlap each other and everything is shown too compressed (
You might just need to stretch the horizontal scale axis. To get more detail in the candle numbers.
@@PriceActionVolumeTrader Yes! That works ! Thank you so much !
Can we do this with CFD trading? What does Sierra provide? Thanks
No, it does not work for cfd. Mainly for CME futures. Some people use it for bitcoin as well with Binance or other large exchange data but I have personally not used it for crypto myself.
Can this be used for currencies ?
Currency futures from the CME.
ขอขอบคุณ
Appreciate it!
Mulțumim!
Thank you Kote! Very much appreciated.
please how does he use the move tool? I find it a bit difficult to move the chart without it being compressed
I have a whole video about it. I show how you can set it up to move just like TradingView:
ruclips.net/video/PvUv6t86gNc/видео.html
Does sierra chart provide foot print chart for currency pairs?
I would only look at currency futures. Spot forex is decentralized with no true volume data.
Hi, can I also add volume on the footprint to see buyers and sellers ( blue color for buyers and red for sellers )? I want to have it on the rite side of each footprint, thanks !
Yeah. You just add the shading under the different column options in the settings.
@@PriceActionVolumeTrader Do you mentor people?
At the moment I don't do 1 o 1, but I have several educational courses available going over all my strategies.
Do I need to pay a subscription to the platform to have access on footprint chart??
Yes. You need one of the advanced packages. Either 5 or 11.
@@PriceActionVolumeTrader and how much does it cost???
You can just do a simple search on the Sierra website to find out.
www.sierrachart.com/index.php?page=doc/Packages.php
also another quick question, some of my numbers on my chart are missing, as in whole rows of numbers per candle
Depending what market, liquidity or timeframe if it is a fast move sometimes there are no executions in certain levels.
To get this setup, is $26/month package enough or I need $36/month one ?
You need the advanced. $36.
do you have to pay for this chart?
I share this Sierra Chart template and several others for free on my website so you can go download them there. But you do need to have a paid Sierra Chart advanced package to be able to use footprint charts.
Can you also do a video on POC
Points of Control?
@@PriceActionVolumeTrader yes
@@lemuelprince6668 Sure, will add to the future ideas list.
Hello! How do you move your chart with the mouse clicked on the chart window, like click and drag the mouse right to look left
I just made a video about it last week in my Sierra Tutorials series.
@@PriceActionVolumeTrader thanks! I already found it by using the Hand Tool I think will check out your videos
Yeah check them out. Lots of tips. There is a setting I go over so you can drag the charts with the hand both sideways and up/down too. Video here: ruclips.net/video/PvUv6t86gNc/видео.html
@@PriceActionVolumeTrader I watched that already, helped! Thank you
Does anyone know why nothing shows up on my chart after I apply the footprint study? My chart just goes blank with no candles or anything. does anyone else have the same issue?
Do you have an advanced package activated?
The numbers are very small on my chart and the candles are huge. What should I do?
You have to go to study setting and there are options for that. Also check chart menu - graphic settings - fonts tab.
can i use sierra chart footprint in forex?
Only with the CME currency futures that I know off.
Hi, does anyone knows how to Highlight Point Of Control in each bar in foot print ?
There is an option in the setting for that. Go to studies and main settings.
Can we reach to footprint chart in trading view
Unfortunately it’s not a function they have enabled yet.
What data connection is best to get for Sierra chart?
I use package 11 with the Denali data feed and Teton Order Routing.
@@PriceActionVolumeTrader thank you!
@@PriceActionVolumeTrader I’m not looking to trade on Sierra chart just want the data in real time. Do I still need Teton or CQG or rhithmic data feed?
For that you should have a live account connected even if you don't use it just to qualify for the cheaper $12/month CME non-pro data. I'm assuming you are talking about futures on CME. And yeah package 11 with Denali data would be best with full market depth. The fee thing is explained here:
www.sierrachart.com/index.php?page=doc/DenaliExchangeDataFeed.php
can i install sierra chart on ubuntu 20.04
Not sure, you'd have to go look through their website for specifications.
can use sierra chart for free?
No. You need at least the $26/month package. In order to access orderflow tools you need at least the $36/month package