HeatMap Profile™ Overview
The HeatMap Profile™ comes in both delta and volume read outs. This information can help traders pinpoint where volume and where buyers/sellers are coming into the market.
By being able to pinpoint where volume is coming in traders are able to identify if there is a possible trend continuation or a potential reversal.
This is due to the fact that price is attracted to volume(buyers & sellers). Lack of volume can show a lack of interest in price and could result in a potential reversal back to a high volume area. Increase volume can show a potential increase in interest and a potential continuation
Profile Features
All the information below can display volume or delta.
The HeatMap Profile™ will come standard with 3 profiles on the right hand side of the chart. All three profiles will display the POC (point of control), delta, volume and 3 volume nodes. All information is customizable and able to be turned on/off.
Custom Profile:
The profile furthest to the left will display information for all the bars that are currently on screen. This means traders will be able to pinpoint what is the current POC on screen. Where is high/low volume and much more.
Current Session Profile:
The middle of the 3 profiles will display the current session. This profile will turn red/green depending on if price is up or down on the session.
Previous Session Profile:
On the far right handside of the chart, the previous days sessions will be displayed. Depending on the movement of the previous session, that profile will be red or green. Additionally on top of the profile will be a delta and volume read out. If traders choose this profile can be turned on/off.
Total Volume:
On top and bottom of each profile will be a volume readout.
Delta:
On top and bottom of each profile will be a Delta readout showing +/- delta with the corresponding color.
HeatMap -Volume
The HeatMap will work in conjunction with the custom profile mentioned above.
The "heat" or traded volume for each level will be displayed in a gradient blue color at the corresponding price level.
The darker blue lines indicate high volume has traded or is currently trading at this level.
The lighter blue lines indicate lower volume has or is currently trading at this level.
All levels/colors are updated in real time regardless if a bar has closed or not.
HeatMap - Delta
The delta HeatMap works off the custom profile mentioned above.
Similar to the Volume HeatMap, the delta will be displayed in a gradient color. Instead of a blue color, traders will see a red/green color.
A darker green color means there are more buyers at this level and a lighter green color indicates less buyers.
A darker red color indicators more sellers at this level and a lighter red color indicates less sellers.
Traders are easily able to visualize where buyers and sellers are entering the market live as it happen.
FootPrint Pro™ Overview
The FootPrint Pro™ indicator helps to give an edge to all sorts of traders, whether it be day traders or swing traders. It does this by providing a deep insight in each bar's buying and selling activity that is not normally seen. You will be able to see where aggressive buyers and sellers are entering the market. By using this information you'll be able to gain insight over traders who do not have access to this information. Not only will you be able to gain an insight, you'll also be able to clearly see imbalances, stacked imbalances, delta divergence and much more.
Using an order flow chart will help traders pinpoint when and where to enter the market and when/where aggressive buyers and sellers are entering the market.
The footprint order flow charts, helps traders understand why the market is moving and gives them the tools they need to fine tune their entries and exits.
Footprint Bar Statistics
All the information below can be displayed on top of the footprint bar and turned on/off.
Delta Volume:
Delta Volume is displayed on the first line of the bar statistics. This information is color matched, a seller dominated bar is displayed with a red color and is a negative number. A buyer dominated bar is displayed with a green color and a positive number. Delta volume is defined as the bid volume minus the ask volume.
Delta Volume Percentage:
On the second line of the bar statistics, delta volume is displayed in a percentage. The delta volume is defined by the delta volume divided by the total volume.
Total Volume:
Line three, the total volume of that bar is displayed. Example, ∑ 7350.
Total Bid/Ask Volume:
Line four, the total BID/ASK volume is displayed. Example 2332/2594.
Imbalances
An imbalance occurs when the exchange receives more bids than asks or more asks then bids. Traders are able to use these imbalances to there advantage and use them for entry/exit signals.
Single Imbalances:
A single Imbalance on the bid side of the footprint bar is highlighted red. A single imbalance on the ask side is highlighted blue. These colors are able to be customized to the traders desire color.
Stacked Imbalances:
A stacked imbalance is when multiple imbalances are stacked on top of each other.
When this happens the trader has a few options on how he/she would like to display this information.
Standard View/Multiple Imbalances:
With the standard view traders will see bids highlighted red and offers highlighted blue. Additionally the bar will be highlighted pink, the color of the highlighted bar and the highlighted bids/ask imbalances are completely customizable.
Point Of Control ( POC )
Point of control is the price level at which the greatest number of contracts have been traded within the footprint bar. This level is highlighted yellow and is able to be customizable and toggled on/off.
Footprint Summary:
At the bottom of the chart, traders have the option to utilize the summary setting. This summary setting will show the following for each bar:
•Delta
•Delta%
•Volume
•Cumulative Delta
•Min Delta
•Max Delta
This information can help traders pinpoint when and where to enter and exit trades.
Delta Alert:
On the Footprint summary traders have the option to set delta alert levels and hear an audible alert, once the alert is sounded the delta level will be highlighted blue.
HeatMap Profile™ + FootPrint Pro™ Package
- Works on All NinjaTrader 8 Liscense's
- 2 Indicators
- Orderflow Footprint Chart
- Plots Single Imbalances
- Plots Multiple Imbalances
- Plots Stacked Imbalances
- Fully Customizable
- Bar statistics, Delta Volume, Delta %, Total Volume, Total Ask & Bid Volume
- Plots Point of Control
- Delta Signal Alert
- Foot Print Summary with Delta, Delta %, Min/Max Delta, Volume & Cummulative Volume.
- Works on Anytime Frame, Market or bar type ( that supports tick replay)
- Heat Map Both Delta & Volume
- POC
- And more!