Sierra Chart Footprint Chartbooks
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Sierra Chart Footprint Chartbooks General information:
What is the Footprint and what does it actually show the trader? For this I have created some videos on YouTube (Footprint explained) so that you better understand what you actually see in the Footprint. It is the general explanation that the Footprint is the footprint of the market, but you have to understand where this Footprint actually comes from and how to interpret it – otherwise you are subject to misinterpretation similar to the Delta.
The Footprint section contains Footprint Charts with different focal points. You can also apply the chartbooks to other markets but may have to vary the range size or change it to the time unit of your choice. I personally prefer time-independent footprint charts because they better reflect the market. The Range Chart is best suited to my assessment here, as it always has a “fixed” size and you can thus better estimate the orders. But in the end it is up to the trader himself what is best and most profitable for him.
In the course of time I will create more Footprint Charts which all have a different focus. The shown charts don’t need AddOns, everything is included in SierraChart in Packet5 – if there is a Custom Indicator I name the source explicitly and link it. If you have any questions about the Footprint Chart, please do not hesitate to contact me by mail.
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