medium · Order Flow Analysis footprint-delta
In the Euro FX (6E) footprint, at $1.1245 the bid volume is $53, and at $1.1246 the ask volume is $13.
How should a diagonal comparison be performed to determine dominance?
- Compare $53 (Bid at P) to $13 (Ask at P+1), showing seller dominance of ≈ 4:1.
- Compare the total volume ($66) at that level against the bar's delta to find the COT.
- Compare $53 (Bid) to $53 (Ask) at the same price level, showing a balanced trade there.
- Compare $13 (Ask) to the bid volume posted at $1.1247 to gauge buyer urgency.
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