Footprint Profile

TradingLite's Footprint Profile displays the value of these market orders as two profiles, within each candlestick.

Content

Footprint Profile Introduction

Viewing the order-flow of market sells and market buys on TradingLite is achieved via either Footprint Cluster or Footprint Profile. Whilst the underlying data between either choice is the same, TradingLite's Footprint Profile displays the value of these market orders as two profiles, within each candlestick.


In this article, we will explore the options to configure both the Footprint Profile, and Footprint Profile Plus layers.

Note that the Footprint Profile Plus layer is only available to Gold subscribers.


🔥

If you are unfamiliar with the concept of Footprint charts, it is recommended that you review our Footprint Basics article. For a deeper dive beyond the fundamentals, head over to our Footprint Advanced learning material.

Footprint Profile Overview

Whilst TradingLite's Heatmap visualizes limit orders on your chart, the Footprint Profile will create a profile using market orders.

Within each candlestick of the value of market sells and market buys are shown.

Footprint Profile Components


💡

The larger the value of market orders within each row, the wider the profile within the Footprint Profile.

Footprint Profile Settings

To maximize the utility of the Footprint Profile layer, we will now walk-through the range of customizations and options that are available.

Delta Mode

Activating 'Delta Mode', will perform a calculation upon each row of the Footprint Profile, whereby the value of market sell orders are subtracted from market buy orders, resulting in the delta of the two. This will result in the previously two profiles, becoming one profile.

Background

This color picker will determine the color shown behind the profile. It's recommend that if you change this value, that the transparency slider is kept relatively high to avoid any impact on the heatmap.

Ticks Per Row

The 'Ticks Per Row' input will determine the range of price that forms each row of the Footprint Profile. Increasing this value will group more prices together forming a row with a larger height, whereas lowering this value will result in increase detail and granularity.

Profile Calculation

Upon loading your Footprint Profile chart, the Profile Calculation algorithm will assess each row of every candle within the current session. It will then scale the width of each row in a 'Proportional' way.

Alternatively, if you would prefer each candle's profile to be calculated separately, you should opt for the 'Per Candle' option.

Minimum Interval

By default, the 'Current Timeframe' choice will render a profile for each candle, matching your current time-frame. Changing this input will merge candles (and each of their respective profile) together, to form an amalgamated view.

Footprint Profile Plus

🔥

The Footprint Profile Plus layer, takes all of the aspects of the original above, and improves upon it with further customization, in addition to adding a range of new features.

In this section, we will examine the unique settings of the Footprint Profile Plus layer.

When the 'Header' is shown, it will display two values above each candle. The first value, that can be colored either red or green, is the delta of all of the rows within that particular candle. The second value represents the total volume within that candle.

Point of Control (POC)

The Footprint Profile Plus layer gives you the ability to highlight the node with the highest volume (the Point of Control), within each candle. The two options given are 'Ray' or 'Outline'. Here you will also be presented a color picker for the POC.

🔥

For more information regarding Footprint Point of Controls, see our Footprint Advanced Guide.

Extend

When enabling the POC, you will also be present an option to extend.

Value Area

Toggling the 'Value Area' will cause the render of the Footprint Profile Plus rows to remain colored, if within the Value Area. Those rows outside of the Value Area will be color-less. When enabled, you will also be able to configure the Value Area percentage input.

Imbalances

'Imbalances' occur when there is inefficiency between prices. When enabling Imbalances on TradingLite's Footprint Profile, the row and side (buy or sell) in which the imbalance occurred will be highlighted, via an additional highlight within a colored box.

🔥

For more information regarding Footprint Imbalances, see our Footprint Advanced Guide.

Stacked Imbalances

Whilst the default Imbalance view via highlighted boxes may be useful on lower time-frames, the ability to zoom out and view previously untested imbalances is achieved via the 'Stacked Imbalances' function.


🔥

Looking for that extra layer of confluence? Be sure to check out the Footprint Bar Statistics layer.

Footprint Profile not your style? Confused between naked extensions and Footprint Deltas? No clue what a footprint is? We have you covered below: