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.
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