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Hey guys been a member of this forum and have been really impressed by all the knowledge and indicators freely available on this site. I wrote a couple indicators that help me visualize the tape, and thought I would share them with everyone.(I am not …
It appears that your setting for coloring the numbers is around 145% between the bid and ask on the diagonal. Is this about right?
I use 300% and thus get fewer colored numbers showing imbalance, which is fine the way I have been using footprint to find areas of previous support and resistance. I like what you are doing with FP and may experiment with a less rigorous setting on a different chart for set ups at key S/R levels.
Short after correction to intraday 50% rtcm. It's very useful to have FootPrints chart displayed. That information bring more confidence into whole process...
This is kind of a new technique....or new entry area to be more specific. I use previous hour POC, VAL and VAH very often as important areas for trade entry.