FootPrint
Introduction
The FootPrint will let you analyze several phenomena occurring in the market on a per candle basis. On each side of the candle you will be able to see trades done to the Bid and trades to the Ask. Alternatively you can see the volume profile on one side and the delta values on the other. The indicator can also display Imbalances that tend to move the price. Unfinished auctions that let you know when the price is likely to be revisited. The Point of Control, another point where the price is likely to be revisited. It can also show you an estimate of the Commitment Of Traders or COT in a per candle basis. Absortions, a point where there was trading activity but the price didn’t moved. And many other variables you can incorporate in your trading strategy.
Basic FootPrint Example
An example view of the FootPrint
Basic FootPrint Example
An example view of the FootPrint in narrow view
Basic FootPrint Example
An example view of the FootPrint showing Volume Delta
Chart Properties
Ticks per bar
This setting will permit you to group several ticks into a single bar. Therefore allowing you to have smaller candles in markets with very small tick sizes. In that way allowing you to have more data on screen.
Bar Spacing
The initial spacing between each bar.
Bar Width
The initial width of the bars.
Bar Font
The font use to display texts.
Volume Divisor
This number divides all values Bid, Ask, Volume and Delta in each candle to make numbers more legible to the end user if they are too big. Is also used to divide values before comparation. For instance min volume for POC and UA.
COT Divisor
This value when higher than 0 will cause the COT values to be divided by this number permitting an easier analysis/comparison of the COT values.
Right Chart Margin
The marging to the right of the chart. Declaring -1 disables setting the margin.
Use Metric Suffix
Select to group numbers in with mettic suffix, Kilo, Mega Giga etc. Volume Divisor takes precedence if different than 0.
Metric Suffix Decimals
Number of digits after the dot when grouping with sufixes
Historical Calculation Mode
- BidAsk: Normal mode
- UpdownTick: Useful with some instruments
Indicator Rendering ZOrder
Z order to render indicator graphics. Usually change isnot necessary.
Candlestick bar properties
Show candle body
Whether to show the body of the candles or not. Can be useful when setting on the outline since the outline will resemble the candle body values.
Show outline in footprint bar
Wether to show the outline or not.
Show bar wicks
If you want to show the wicks of the candles or hide them.
Hide bar border in narrow view
Set it to true removes the bar border to easy visualization of candles in narrow view.
Show bar border
If you want to show the candle border or not.
Wick Color up
The color of the wick when the candle is rising.
Outline Candle down
Outline border when the candle goes down.
Outline Candle up
Outline border when the candle goes up.
Outline fill color Up
Outline background when the candle goes up.
Outline fill color Down
Outline background when the candle goes down.
Wick Color Down
Color for the wick when the candle goes down.
Candle body Color up
The color of the candle body when the candle goes up.
Candle body Color down
The color of the candle body when the candle goes down.
Candle Width
The width of the candle body.
Footprint Bar properties
Bar Type
This option configures the type of bars displayed on the sides of the candle. Can be Bid/Ask or Volume/Delta.
Bar Color
The way to display the bars. Can be Saturation in which case it will paint all bars with same size but fading colors. With the Volume option will paint all colors with same opacity but the bars will have sizes according to their value. Solid paints solid bars and None will not show any bar, only text.
- Solid
- None
- Volume
- Saturation
- VolumeSaturation
Text Color
The color of the text for the footprint bars.
Volume up bar color
Color for the bar when the ask volume is higher. (needs better name)
Volume Bar Color
The color for the volume bars.
Volume Down Bar Color
Color for the bar when the ask volume is higher. (needs better name)
Close indicator
None will disable it. When Text Color is selected the color of the text will be changed in the close as you can see in the following picture.
Close Indicator Color
The color of the close indicator
High Volume Indicator
Choose rectangle if you want a rectangle on top of the bars or None if you want it off.
Highest Volume Indicator Color
The color for the bar when it has the highest volume.
Distance for text in footprint bars from center
Deprecated, Will be removed.
Separation between footprint bars
This creates the margin for the bars from the center of an imaginary line that crosses the candle.
Bar Volume Filter
A filter by volume that will prevent rendering bars if they do not have a volume higher than the one specified. Leave it at zero to disable.
Bar Text Alignment
- CenterCandle: Aligns text towards the center of the candle.
- CenterBar: Align text in the center of each bar.
Do not render zero values
When a bar contains a zero value it is not displayed.
Bar Text Antialias
- Cleartype: is the one with most quality but slower rendering
- Grayscale: is intermediate quality but fast rendering
- Aliased: is the worst looking but rendering is the fastest
VPOC
Show naked vpoc
Select to show the naked vPoc.
Lines color
The color used to draw the POC lines.
Imbalances
Imbalances display mode
- None: will not display them
- Horizontal: will compare bars at the same tick
- Diagonal: will compare bars in the bid to bars in the ask one tick higher
- Horizontal and Diagonal: displays both ways
- Combination Horizontal and diagonal: will display the imbalance only if both conditions are met. There is a diagonal imbalance and also a horizontal imbalance.
Show imbalances bars
If the bars are displayed or hidden. It does not turns off the imbalance, it merely hides the bars that define them.
Color for Bid
If the imbalance goes to the bid, this is the color used to show the bars.
Color for ask
If the imbalance goes to the ask, this is the color used to show the bars.
Box width
The width in pixels of the imaginary box surrounding the imbalance lines. The wider the more it gets into the profile bars.
Line width
The with of the imbalance bar.
Comparison operator
This is the type of operator used for comparison. If ratio is selected a division will be used and it will be number of Xs compared one to the other. If difference is selected, the result of the substraction of one side from the other is compared to this number.
Operator Threshold
The quantity to compare in order to determine if there was an imbalance or not.
Min size of winning side filter
If the winning side has a value larger than this it will be shown otherwise will not be detected.
Min size of total volume filter
If the total size of both sides of the imbalance has this volume quantity will be detected, otherwise will not be shown.
Bold imbalance text
Show the text in bold for the winning side of the imbalance.
Increment in size of imbalance font
Difference from the size of the normal font to the size of the imbalance font. For example if your normal font has a size of 10 and this value is 2, the size for the imbalance font will be 12.
Unfinished Auctions
Unfinished auctions are the zones at the edges of the candles where there is no loss of interest from buyers and sellers. It means it is likely a zone where price will be revisited at a later time until the battle finishes.
Show unfinished auctions
Select to show the unfinished auctions
Box Color
The color for the box and the lines
Candle Developing Value Area
The candle developing value area will show you the value area on a per candle basis. By definition the value area is where 70% of the activity occurs and is the most important part of the candle. The developing value area includes always the point of control (POC). In the indicator is however possible to redefine this percent.
Show Developing value area
Select to show the value are per candle.
Value Area Percent 0-100%
The percent to define the value area. Is 70% by default. However we give the option to redefine it.
Value Area width
The width in pixels of the value area bars.
Developing Value Area color Bid
The color of the bar when the delta is negative.
Developing Value Area color Ask
The color of the bar when the delta is positive.
Developing value area horizontal displacement
The displacement of the bar from the center of the candle. (can be negative)
Order Filter
The order filter will let you do away with market noise and throw away order that are not important.
Minimum order size
Orders larger than this size will be processed. The others will be ignored. Define it at zero to include all orders.
Maximum order size
Orders smaller than this size will be processed. The others will be ignored. Define it at zero to include all orders. This option is included for completness but is of little use. Likely will be removed in the future.
Absorptions
Absorption is the phenomena where there is trading but the price simply doesn’t moves. Therefore is an interesting resistance to price advance the indicator can track on a per candle/tick basis.
Volume to detect absortion
This is the minimum traded volume that will trigger the detection of an absorption.
Time in seconds to detect absorptions
This is the time lapse where this traded volume must occur to trigger the detection of an absorption.
Color absorption up
Color absorption down
Information zones
Information zones are extra data attached to the candle that allows you to easily analyze some other variables not normally visible in it. (only available in Pro Version)
Settings
There are 6 zones, three on top and 3 at the bottom of the candle.
- Top Upper Zone
- Top Middle Zone
- Top Lower Zone
- Bottom Upper Zone
- Bottom Middle Zone
- Bottom Lower Zone
Each zone can be defined as:
Nothing: Empty zone (but doesn't leaves empty space).
DeltaClose: Is the Candle's delta.
DeltaFinish: Delta Finish of the Candle.
DeltaMinMax: Displays two values Delta Min and Delta Max.
ImbalanceCount: Total balance on each side for the bid and for the ask.
ImbalanceVolume: Like ImbalanceCount but instead of the number is the volume they contain.
Volume: Total Volume of the candle
COTUp: The COT of the candle
COTDown: The COT of the candle
Colors
All colors are easy to interpret. Therefore we are not going to explain them all. If you don’t want some background to be painted you can use a transparent brush.
S/R Zones
Support and resistance zones are calculated from the imbalances generated in candles. Also known as stacked imbalances. They signal a zone strongly biased towards one direction or the other. Therefore usually creating points of resistance or support to price movement.
Show S/R Zones
Select if you want S/R zones displayed
Number of imblances
Number of imbalances required to create a zone
Extend Zones to the right
Extends zones past the chart
Min Total Volume
Minimum total volume required to create the zones
Number ticks simple cross
Number of ticks past the zone to cancel it when using SimpleCross mode.
Zone close method
- FullCandleCross: The hole candle needs to go beyond the zone to cancel it.
- POCCross: The zone is cancelled once the POC crosses the zone.
- SimpleCross: If the price crosses the zone it is cancelled (you need to define the number of ticks in Number of ticks parameter).
Support Color
Color for support zones
Resistance Color
Color for resistance zones
Enable sound alerts
If you want the indicator to play a sound once a zone is created or cancelled
Resistance Cancellation sound
Path to wav sound file to play when a resistance zone is cancelled
Resistance Creation Sound
Path to wav sound file to play when a resistance zone is created
Support Cancellation sound
Path to wav sound file to play when a support zone is cancelled
Support Creation Sound
Path to wav sound file to play when a support zone is created
Graphic delta properties
Show graphic delta
Turn it on to show the graphic delta.
Blank space between candle and graphic
Space between the price candle and the delta candle.
Graphic delta down indicator color
Color for the bars when delta is negative.
Graphic delta up indicator color
Color for the bars when delta is positive.
Wick Color
The color for the wick of the delta candles.