FootPrintV2 Chart for NT8

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mk77ch

Hello,

the TradeDevils footprint is a really nice and very advanced product.

I have been thinking for quiet some time to implement orderflow related signals and will
do so as soon as soon as i find the time to do so.

All the best,
Mike

@mk77ch TradeDevils app is very jam packed but dont denigrate your V2 as its simplicity and interface with NT is so nice for my purposes and as always thanks for your charitable contribution to all our efforts.

As long as your devoting some time for additions there is something I've been noticing with POC on a bar x bar basis. I've configured your V2 on NT Delta Volumetric chart window; see post #171. I found a way to show POC on each bar in white(BTW is the setting labeled "Profile Color" vs "POC Color"). When POC occurs in the top or bottom of the bar it often seems to be coincidental to exhaustion of a move for a quick reversal if not a longer term tone change and even an opposite directional "runner".

TradeDevil's documentation calls this "Bullish / Bearish POC" and implements the top volume 1,2 or 3 prices within the footprint. Personally, I'm only concerned on the top/bottom price level (or 2) of a bar. The trend of POC hitting tops or bottom prices (of each respective bar) expressed as a histogram in Panel 2 could prove very illuminating of price trade entries for scalping.

I'm a very visual type and would rather make trades on seeing a picture than reading a number. If the centerline of this POC histogram was 50% of the bar price range and the histogram's bars' POC were above or below that centerline @50% ..........well put me down for that. I know you get lots of requests that dont ever actually become widely accepted but for us scalpers that jump in and out quickly with the NT ATM, all I want to know is when to pull the trigger and this may be a great supplement for quick decision making. IMHO its the relative relation of POC to a bar's range that makes me confirm with my other price action indos; but that's just me..............

Here's the example visual of NT's histogram, in this case I use for Cum Delta bar x bar on my 1 minute price candle stick Panel 2:

Thanks for all Mike
Regards
Bruce

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@mk77ch

Hi Mike,

Would you elaborate on how "Range - Tick-Range" works? (it's under the Profile (Custom) setting)

If I enter 10 in the Range Value (Ticks) setting box, does it draw a custom profile on a 10 tick range of price movement, then a custom profile updates for the next 10 tick range?

If so, in the attached image, I entered 10 in the setting, but the custom profile includes a 16 tick range, which I am not sure why.

A brief explanation would be amazingly helpful.

Thank you so much

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FYI: Adding VWAP with the standard deviations makes for some good entries and targets.

FootPrintV2 Chart for NT8

Discussion in Platforms and Indicators

FootPrintV2 Chart for NT8