Footprint Indicator
Footprint offers the most in-depth market analysis, almost like looking at the market through an X-ray. Modern platforms and Footprint indicators display not only volume within the price levels of each candle, but also delta, bid, and ask. Additionally, a profile based on these parameters can be built for each individual candle.Despite its popularity and usefulness, this tool is not free. Traders must pay for advanced (and often expensive) platforms that allow market analysis through the Footprint. Many Forex traders use only MetaTrader, where Footprint is unavailable, as it lacks real volume and bid-ask data required to build it.
At the moment, ClusterDelta is the only company providing a Footprint indicator for MetaTrader 4(5).
Footprint for MT4/MT5 by ClusterDelta
ClusterDelta offers the Footprint indicator for MT4 and MT5. The indicator is installed directly on the chart, has a convenient interface, and easy-to-understand settings. All the data used to build the footprint comes from real exchange market data.
The Footprint is built on all standard timeframes. Range bars can also be used.
Volume Footprint
The Footprint is built using volume.
Delta Footprint
The Footprint is built using delta.
Ask/Bid Footprint
The Footprint is built using ask/bid data, and you can also choose bid/ask.
Footprint Volume/Delta
The Footprint is built using volume/delta data.
Footprint Profile
The Footprint indicator allows you to build a separate profile for each candle: volume, delta, bid/ask.
In Conclusion
Footprint is a very useful tool that can be used in various trading styles as a primary or supplementary method. Its affordable price makes this indicator accessible to a wide range of traders.
Related posts:
- ✅ How to Install an Indicator in MT4, MT5
- ⚡ ClusterDelta – Real-Time Exchange Data for MetaTrader
- 🌐 Volume Indicator
- 📜 Market Profile Indicator
- 💱 Delta and Cumulative Delta Indicator
Comments
ZiZi2 2025-03-19 02:48:16 #
Only the Footprint can reveal the structure inside a candle: volumes, asks, and bids. I highly recommend all traders, especially beginners, to get familiar with the Footprint — it opens the door to the real exchange world! It will have a positive impact on your chart understanding.
Ru