Tips on Building a "Dominant Side" Footprint
Earlier today we tweeted out this chart and there was immediate interest, so we wanted to show how to build it in MarketDelta.
This shows the bid ask style footprint set to "Dominant Only" in the footprint display settings.
Dominant Only is an option that shades the dominant side of each footprint instead of the background of both sides. It keeps you focused only on the side (bid side or ask side) that experienced more volume.
This view of footprints will allow you to spot patterns you may have otherwise missed.
Here's a video that provides the details of building this powerful, yet simple footprint chart.