medium · Order Flow Analysis footprint-delta

In diagonal reading of a footprint, to assess seller aggression at price P, you must compare the bid volume (V_bid) at price P with which other data point?

  1. The bid volume (V_bid) at price P + δ.
  2. The ask volume (V_ask) at price P + δ.
  3. The ask volume (V_ask) at price P.
  4. The total volume (V_total) at price P - δ.

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