NEW TradingView Footprint Chart Indicator - Orderflow Trading
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- Опубликовано: 7 май 2024
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- Trading with Price Action and Volume Profile
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Развлечения
Other videos on my channel to learn more about footprint and orderflow:
- ruclips.net/video/2aP7rGnl9h8/видео.html (Using Orderflow & Footprint for Trade Entries)
- ruclips.net/video/3IMTQf2PBwk/видео.html (Introduction to Footprint Charts)
- ruclips.net/video/-EEzTTwFSUs/видео.html (Understanding Differences between DOM and Footprint)
Thank you good sir!! This is going to help me lots!!
Great to see TV delivering the goods.
Still needs improving but a very good start indeed.
gocharting or tradingview with data, which is good
Thanks for the update always, from better version, i wish the cumulative delta to be thought of too.
Cumulative Volume Delta is a new Indicator under "Technicals". It goes to the bottom of the chart, so you should be able to use it in conjunction with the footprint chart.
If you use the TV footprint on Auto, it's a waste of time. Put it on manually and play with the ticks per row. That's where it shines. The Auto feature is a no go.
Yes. It makes it look very chunky. I mentioned on the video for ES I like to use about 4 and for NQ higher to like 8. But everyone should play around based on their markets to see what looks best for them.
This is very much appreciated. I was wondering if this was a viable alternative to SC, especially while traveling. It could very well be. I will set it up and try it out. Thanks.
It is a good alternative if you don't have access to other more advanced platforms. One thing I noticed is the data as time goes by it starts degrading because the way they calculate it is based on historical charts and as more data comes in it erodes the lower timeframe info. That's sort of what it explains in the support material. I opened a support ticket and the customer service agent explained that. So it's good for trading recent action. But if you look at the footprints from weeks ago, it will not be accurate. But for me that's not a big deal as I just use footprint live in the moment. But SC is definitely far superior for now.
It would be nice if trading view allows rithmic and work more on order flow tools. But I’m liking what I’m seeing
Yeah, at least they are starting to develop things
So which one is better tradingview or sierra chart?
Sierra Chart for sure in terms of capabilities. Trading View wins in convenience.
I call this TW FP like baby footprint :D
How do you color the number in purple in sierrachart? Thanks
There is an option in the candle bar studies called “color based on” and you can choose the criteria.
This probably can't be used for futures,being that Trading view doesn't have CME data?
I would compare it with other platforms and see. There is no true tick data, but there is a calculation process explained in the indicator information, like they do volume profile and it seems reliable. Also this is still in Beta, so I am sure they will keep improving it before making it official, like they did with the TPO indicator.
Can be use for futures. Tradingview have CME market data.
Yes, if you connect Tradovate or other brokers you do get live data from them through CQG.
I use TV daily for futures trading
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on tv on the seconds tf i see often 0 for delta but price moves ..why is that?
Well if there are aggressive buyers/sellers and there are no resting orders at every tick levels, then price will move impulsively and might not execute a buy/sell at every tick. I never use anything under 1 minute though, I feel it is too much noise. Even the 1 minute is noisy sometimes.
@@PriceActionVolumeTrader ok am trying to understand why the price moves, so if there are no resting orders what decides if price moves impulsively up or down? My understanding was that it is aggressive buying or selling that moves prices up or down. So if there are zero.. how can it move and if it moves what is deciding the direction? Thanks a lot for a response!!
use the replay ... and go to the pervious data of your situation ... it will repair
It is all aggressive players. If everyone was just sitting on limit buy/sells then price would not move. But when you hit market buy/sell you are going to get instantly filled at the next best level with resting liquidity. Those market executions are what moves things. And remember too that stop losses execute as market orders most of the time. So if someone get's stopped in a position that will also execute as market.
So rudimentary, not user-friendly and useless 😊 ninja and all it's bugs is more appealing than this 😂
It is a start. I agree Sierra Chart and others are superior. But it'll keep getting improvements.