Order Flow Footprint Chart Vs Plain Candlestick Chart Trading
HTML-код
- Опубликовано: 1 окт 2024
- www.orderflows....
Which is better for trading? Candlestick charts or order flow charts?
Candlestick charts just show the open, high, low and close prices over a given timeframe, condensing price action into an easy-to-read format. They provide a visual representation of price movements and can be useful for identifying trends, support/resistance levels, and reversal patterns. However, candlesticks lack details on order flow and volume.
Order flow charts, particularly footprint charts, plot the volume in the trades taking place in the market. They provide more granular information on supply and demand dynamics and can be helpful for gauging sentiment and momentum. However, raw order flow on its own lacks context on the wider price action. The footprint chart allows the trader to look inside the candlestick chart to better understand how the buying and selling is taking place.
In general, using candlestick charts in combination with order flow analysis provides a more complete view of market conditions. Candlesticks give the overview of price action, while order flow adds insight into the shifting dynamics between buyers and sellers.
Always appreciate these vids, im almost at the point of moving off candlestick onto footprints and possibly futures and learning as much as i can on this before I get smashed in this new arena of interaction with the market. 😃 many thanks..
Mike , Order Flow Footprint Chart Vs Plain Candlestick Chart wonderful explanation. very useful for traders
thank you. glad you find it useful.
Its better to not mention at all the fact that us liking and commenting helps you etc. Until maybe the end, breeze over it, or dont bring it up at all, it just annoying.
Im very impatient, im watching the video to gather information, if I find value in it, im going to comment, like, save, maybe even subscribe. All without you having to ask at all.
But for people who waste my time begging me to like and subscribe, I more than likely will not even watch the video, like or sub, for the simple fact that you asked. You asking feels like you wasting my time, like an ad, the immediate reaction is to thumbs down and find a different video thats not wasting my time.
Maybe you care about feedback, maybe you dont. My advice to you is dont ask for subs likes or comments at all. Just deliver quality content without the begging, and our appreciation will come naturally.
great explanation, do you have any videos how to get same footprint chart like yours ?
Mike, one of your best videos, clear and to the point. Do you have (or plan to) the Orderflows Trader suite for MotiveWave?
Which application is this? Where to find order flow chart
Incredible explanation , great stuff thankya
Which software is that to analyze the candles?
How to see footprint chart on app or website help please
Do you have a trial period to see if this type of chart my help me?
You can try the Orderflows Trader suite on GoCharting for free until the end of August. gocharting.com/signup?OrderflowsTrader
@@orderflows thank you but gocharting does not let you try it for free. It says you must sign up. Last question I am new to using NinjaTrader. I have been using thinkorswim for the last 10 years and I downloaded just for this purpose. Now how would I integrate it to Ninja Trader?.
Bro Please answer Bro where to get these foot print data.... Other than a ninja trader.. . I am more confused .....
It’s based on your charting platform
What are the pros end cons gocharting vs ninja or sierra?
I found Sierra was complicated probably because I was coming from NinjaTrader and more used to the way Ninja works. But like any software the more you use it the more you understand how to use it.
GoCharting Pros:
Cloud-based, so can access charts and data from anywhere. No software to install.
Simple and easy to use interface. Good for beginners.
Low costs.
NinjaTrader Pros:
Powerful charting and analysis tools. Highly customizable.
Automated trading options and development environment.
NinjaTrader Cons:
Steeper learning curve than GoCharting. More complex.
Must install software and manage updates.
Sierra Chart Pros:
Highly sophisticated charting and customization.
Strong focus on technical analysis tools.
Good for advanced traders.
Sierra Chart Cons:
Complex interface and workflows. Steep learning curve.
Must install and manage software updates.
@@orderflows thank you very much for the detailed end deep answer
אוהב מאוד את התוכן שלך , סופר איכותי
Thank you