Cluster aka Footprint Chart

Cluster or Footprint chart is a professional analytical tool that shows OHLC prices and trading volume on a single chart.

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Footprint chart is a type of candlestick chart, however it provides additional information such as bid/ask/total volume at every price, in addition to the open, high, low and close seen on a basic candlestick chart. Footprint charts are special as they are multi-dimensional in nature and allow traders to observe additional market variables overlaid on a candlestick chart like volume, bid-ask spreads, and liquidity levels. Traders have the ability to customize footprint charts to include those individual variables that is most suited to them and which would eventually help them gauge the sentiment. The variations that can be configured for a footprint chart would be discussed in the later part of the section.

Using this information, a trader can evaluate:

• trading volume, which executed for each price
• zones of maximum volume accumulation
• zones of high trading interest (the maximum number of trades)
• the number of buyers and sellers at each price level

How to add Cluster aka Footprint chart #

To activate the Cluster chart, simply choose the chart type from the dropdown

Cluster Chart Settings #

Click on the gear icon on the Chart Legend/Tooltip to open the Settings Dialgue for Cluster Charts

Cluster chart has various settings allowing to display volume data from different sides. For example, you can choose different types of data for each bar, as well as configure colors, which will simplify the perception and analysis of volumes, trades, etc.

The main Data Types for cluster chart:

• Trades — it’s the number of contracts (trades) that executed at each price level.
• Buy (or Sell) trades — it’s the number of Buy (or Sell) trades that executed at each price level.
• Volume — the total size of all positions that executed at each price level or price range.
• Buy (or Sell) Volume — the total size of all Buy (or sell) positions that executed at each price level or price range.
• Buy (or Sell) Volume, % — shows how many percent of the total volume relates to Buy (or Sell) trades
• Delta and Delta % — shows the difference in traded Volume between Buyers and Sellers. It allows evaluating who controls the price on the market at a given time. Delta % = Prominent Side Volume (Buy or Sell) / Volume * 100

Use Lock Aspect Ratio Scale

PROTIP

We recommend the below eBook for deep dive into Footprint charts straight from the original creators of Footprint charts