Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I would avoid both of them altogether, but if I had to chose one It would be the DOM (or price ladder as you call it).
The dom is fast and allows you to see what is happening in real time, with footprints you will see pretty much what you would see with candlesticks, but you will have the feelings of certainty because you have some extra information.
I used both in the past and with time I found that they are misleading.
You don't want certainty. You want to be nimble and change your mind easily.
Hi, thank you for raising this. Hopefully, it'll turn into an interesting discussion and more traders will share their opinions.
Personally, I find the Footprint to be a bit laggy and definitely not a good leading tool. There are some who are able to use it effectively, but I prefer to watch the DOM in all its glory. For me, it's important to see the bids/offers reloading, the speed or velocity of the auction, and the overall "feel" of the market. When I use the Footprint, I feel like I lose all that and I'm just staring at a candlestick chart with numbers.
What about you? Do u prefer the Ladder or the Footprint?
These things aren't absolute and thus, it isn't a matter of which one is better but rather more of, which one gives you the information you're looking for. It's YOU that makes something work, not the other way around. Your question tells me you don't have a firm grasp of what you're looking for so I would start there. Figure out what you want to see and then figure out how to see it. As for footprints lagging, this is a byproduct of the PC. I have run footprints from noft, OFA, MZpack, disco, Sierra, Gomi, and NT and do not experience lag at all.
I think you need to get more clear on what you're looking for, then go from there.
I know it's not the answer you're looking for but I hope it at least gets you to think.
