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These are the slides from a webinar we did that reveal some very specific "trigger" setups for trending markets, sideways markets, and also show a bunch of examples for spotting and taking advantage of reversals. This is all done using the Volume Imbalance Footprint with MarketDelta Charts. The first part is a description of the Volume Imbalance and the second part contains all the examples.
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MAKING IT EASY TO READ THE FOOTPRINT CHART
For those new to MarketDelta
● Creator and inventor of the Footprint® chart. (last year was our 10 year anniversary - woohoo!)
● A leading Market Profile® reseller for CME Group.● Trading and charting software company developing
tools and charts that help traders achieve their goals.
What is Volume Imbalance Footprint
● Based upon years of understanding and experience.
● Easy way to make use of “Inside the bar” data.● Uses an algo to identify imbalances.● Simplifies reading the Footprint.● Clearly identifies the fuel (volume) in the market.
Traditional Methodology
and shades the background based on the dominant order flow
How a DOM Represents the Data
Volume Imbalance Methodology
and shades the numbers either green or red to indicate the dominant side.
Volume Imbalance Methodology
Volume Imbalance Meaning
Strong Ask Volume - Buy Volume Imbalance - Typically green or blue (aggressive buying)
Strong Bid Volume - Sell Volume Imbalance - Typically red (aggressive selling)
Weak Volume (either side) - typically navy or silver. This is neutral volume.
Volume Imbalance Meaning
APPLICATION
REVERSALS
● Watch for volume imbalance color shifts at your support and resistance levels.
● Volume imbalances make it easy to identify shifts in order flow.
REVERSALS
REVERSALS
REVERSALS
REVERSALS
REVERSALS
RANGE BOUND / SIDEWAYS● Watch the extreme prices of the range. Intrabar
(Footprint) information let you do this!● Stuck longs and stuck shorts at price extremes.● Clue - volume imbalances tend to be at the extremes.
CONGESTION / SIDEWAYS
CONGESTION / SIDEWAYS
CONGESTION / SIDEWAYS
TREND / CONTINUATION● Follow the volume imbalance. Stick with the dominant
order flow.
● Identify the trend and ride it. Look for a reversal of trend to lighten up you position.
● Let the volume imbalance keep you on the right side of the market. It is dangerous to fade.
TREND / CONTINUATION
TREND / CONTINUATION
TREND / CONTINUATION
Volume Imbalance Footprint Benefits
● Easy to understand and trade with.● Identifies the trend.● Confirms support & resistance levels.● Intra-bar information - Be ahead of the competition!
GIVE IT A TRY!YOU WON’T REGRET IT.www.marketdelta.com/trial
This functionality is in all editions of MD Charts.
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