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Footprint on 2K tick chart -is something wrong?


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  #1 (permalink)
 chasepats 
Fresno, CA
 
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I'm using this footprint chart I found here on nexusfi.com and I'm loading it on a 2k tick chart but each footprint seems to have much more than 2k tx's. Am I missing something or could there be an issue here?


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  #2 (permalink)
 
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chasepats View Post
I'm using this footprint chart I found here on nexusfi.com and I'm loading it on a 2k tick chart but each footprint seems to have much more than 2k tx's. Am I missing something or could there be an issue here?


How do you know it's more than 2k ticks? A tick chart is not the same as a volume chart. A 2k tick chart can contain more than 2k volume. I could imagine that if it were a 2k volume chart, it would not be displayed correctly because it was not calculated correctly. If so, feel free to PM me, then you can try my FP :-)


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  #3 (permalink)
 Miesto 
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chasepats View Post
I'm using this footprint chart I found here on nexusfi.com and I'm loading it on a 2k tick chart but each footprint seems to have much more than 2k tx's. Am I missing something or could there be an issue here?


The footprint shows volume traded at price which is not the same as the number of ticks per bar. You can add the NT 'Tick counter' indicator to show the number of ticks before a new bar starts.

I can buy 10 contracts at the offer/ask which is one tick up resulting in the footprint to print 10 contracts (volume) traded at the ask.


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  #4 (permalink)
 chasepats 
Fresno, CA
 
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sidlercom View Post
How do you know it's more than 2k ticks? A tick chart is not the same as a volume chart. A 2k tick chart can contain more than 2k volume. I could imagine that if it were a 2k volume chart, it would not be displayed correctly because it was not calculated correctly. If so, feel free to PM me, then you can try my FP :-)





NinjaTrader_1mZnFfrKQj




Thank you, I guess I never understood fully what a tick chart is. I always thought it equaled 2000 contracts (if using a 2k chart). Also I PM’d you!


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  #5 (permalink)
 chasepats 
Fresno, CA
 
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Mies View Post
The footprint shows volume traded at price which is not the same as the number of ticks per bar. You can add the NT 'Tick counter' indicator to show the number of ticks before a new bar starts.



I can buy 10 contracts at the offer/ask which is one tick up resulting in the footprint to print 10 contracts (volume) traded at the ask.





Thank you, I guess I’ve been confused on a tick chart vs volume


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  #6 (permalink)
 hoppy123 
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Mies View Post
The footprint shows volume traded at price which is not the same as the number of ticks per bar. You can add the NT 'Tick counter' indicator to show the number of ticks before a new bar starts.

I can buy 10 contracts at the offer/ask which is one tick up resulting in the footprint to print 10 contracts (volume) traded at the ask.

where on here or the name of this footprint chart i could find this ?


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 DavidHP 
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hoppy123 View Post
where on here or the name of this footprint chart i could find this ?

Go to the Downloads/Indicators tab at the top of the page.
Click SEARCH and type in Footprint

Several options will come up.


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