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Delta Footprints Give You A Different View Of Order Flow

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Delta Footprints Give You A Different View Of Order Flow

Posted by Mike on Dec 10, 2022 in Blog

There are different types of order flow footprint charts available to traders:
the normal bid/ask footprint, the delta footprint, the volume footprint and the diagonal delta footprint. Each type of chart provides traders with ways to take advantage of the market. In this video, I discuss how to use the delta footprint chart wisely.

The delta footprint is an incredibly useful order flow footprint chart for traders. It tracks the changes in market orders, allowing traders to identify changes in buying and selling momentum. A properly utilized delta footprint chart can be a powerful tool for spotting potential profitable trading opportunities. For example, when the delta bars are clustered around one side of the bar, it indicates a possible shift in trend direction that could be a great time to enter into a trade. Understanding how to read and interpret the information provided by the delta footprint chart takes some practice but is well worth it for traders looking to take advantage of short-term market movements.

Delta footprints offer a powerful tool for traders to gain insight into the underlying market dynamics that may otherwise go unnoticed. Delta plots provide a detailed glimpse of order flow, enabling traders to not only observe the direction of orders, but also look for indications of momentum shifts as delta values accumulate over time. Trading with delta footprints gives traders a greater degree of clarity and accuracy when it comes to making informed investment decisions—a valuable asset in any market environment.

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RISK DISCLOSURE:
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLAIMER:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.