Comparison of Different Orderflow Tools in Sierra Chart – Part 2

Part 2 of Orderflow Tools Comparison on a the thinner Crude Oil market. (Click here for Part 1)

Compare the price action to video Part 1 to see the difference between thick and thin markets.

• Bottom left chart: time-based 30min Footprint (Numbers Bars)
• Bottom right chart: Non-time based 5-range Footprint (Numbers Bars)
• Top chart: Heatmap chart – Historical Market Depth Graphs with Large Volume Trade Indicator
• All three charts show the Chart DOM too.
• Footprint charts are set to display diagonal imbalances between sellers and buyers (blue and orange coloring)

66.10-66.01 Range Bottom Fade/Failed break example

• From 3:00 see how the 66.01 level’s 300+ lot resting order was tested two times without additional selling into it (instead there was buying at 66.02).
• From 6:35 there is a sharp, aggressive down spike that cleared/filled the large bid in an instant but there was no downside continuation (selling). The continuous buying caused a relatively quick up-move, back to the top of the range then.

SierraChart version: v1689

Datafeed: CQG

Last updated: December 13, 2023 at 11:02 am

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