Hello everyone,

I wanted to know can the passive sellers/buyers be tracked on the footprint chart?

More and more I learn this tool, more I discover how powerful it can be, but still, sometimes I am a little bit lost with the absorptions and rejections for the reversals.

Just the example below.



On both circles you see that there "should" be more aggressive buying based on the contracts traded on the ask side (237/132/49/13 vs bid 187/72/8/0), hence the positive net delta, but the candles reversed.

Ok you can consider the single prints on the bid side at the top, and not very strong delta could be your warning sign, but I have encountered multiple cases where the candle just shoots through even though it shows you signs of rejection, so that's why I am at times a bit reluctant to trade a reversal...

So my question is can the net delta be tracked based on:

positive delta (aggressive buyers minus passive sellers) - (minus) negative delta (passive buyers minus aggressive sellers)

so the passive buyers/sellers are included in the calculation and shown on the footprint chart?

For example: on the example above, in the green circled areas, the ask side is slightly red, or half green/red, slightly more green/red, etc, so you know that there's a passive seller's presence. How many of those 237 / 132 / 47 and 13 at each level on the ask side are "actually" people selling through the ask and vice versa on the bid.

I hope I made it clear my question, if not, I will try to make it more clarifying.

Thanks

junk if you ask me