medium · Order Flow Analysis footprint-delta
When analyzing a footprint chart, what is the correct method to determine if there is a buying imbalance at a specific price level?
- Compare total volume at price P_i to the total volume at the previous bar's POC.
- Divide the cumulative delta by the total volume of the bar.
- Compare the ask volume at price P_i to the bid volume at the same price P_i.
- Compare the ask volume at price P_i to the bid volume at price P_i - δ.
Sign up free to see the explanation and track your rank →
More Order Flow Analysis footprint-delta practice
- An E-mini S&P 500 footprint bar shows a price level at $4510… — Using a 300% threshold, wh
- If both bars have a volume of 5000 contracts, what does the 4-tick bar suggest?
- What is the primary advantage of using the range-based chart in this scenario?
- Why is it recommended to ignore the Δ of a bar that is pulling back to a long entry zone?
- A trader is looking for a short entry. They see a red candle… — What does this 'Wick-Body'
- A trader sees the price of Crude Oil (CL) drop to $72.50, wh… — How should this be interpr
- In the Euro FX ($6E), you see 944 contracts bought aggressiv… — What does this suggest abo
- A footprint bar's high shows bid volume at $4530.00 but zero ask volume at $4530.25. This