The MarketDelta Blog

To showcase a practical application of the new multi-pane capability of the Footprint chart I put together a chart showing the April and May crude oil. At the bottom of the chart is the spread between the two. The first screenshot shows the entire trading day over a 5 minute period as a Footprint Profile. The width of the profiles is obviously based on the volume and the color is based up on the delta. It is really nice to be able to stack the “legs” of a spread like this and see when one of the legs takes out a known reference point and see how much volume is entering and what the other leg is doing at the exact same time.
To download this chart definition click here. Save the file to your computer and then click File | Import chart definition.

This screenshot is similar as the above one but offers a more zoomed in view.

I could see this being use in any market that spreads a one against another. Another good application would be to stack up inter-market symbols that are correlated or ones that may be highly uncorrelated. A good example of an inter-market relationship worth watching would be the SPY vs. QQQ or S&P emini 500 futures vs the Nasdaq 1000 futures. You could probably think lots of other relationships worth watching.