Footprint Chart & VWAP Strategy

Posted in Footprint® Chart by tharnett on April 30, 2009

Here is a very practical way to read and apply the Footprint chart with the VWAP. I used the VWAP indicator (volume weighted average price) to provide levels of support and resistance, but really these ideas could be applied to any support & resistance or drawing tool on the chart.

The video drives home many of the most important benefits the Footprint chart provides, especially when it comes to evaluating prices at known (and hopefully reliable) reference points.

The idea is learn how to read the very important information that the Footprint chart provides. There are concrete examples in this 10 minute video that you should be able to immediately apply when using your MarketDelta. For more information on some of the indicators and things talked about, see any of these links.
VWAP Indicator, Volume Breakdown Indicator, Footprint Price Statistics

VWAP Strategy (Highest Quality Video)

VWAP Strategy using the Footprint Chart from MarketDelta on Vimeo.

1 Response to Footprint Chart & VWAP Strategy

  • I just received this email comment from a user: ” I saw your article on vwap in blog and thankyouverymuch for that input

    i have been using vwap for years and it is very much a part of
    my scalp trading day after day

    here is a regular setup on it…i scale out half my contracts at the midband
    and ride the rest up to the top band”

    —Trevor Harnett
    May 1, 2009 at 11:25 am

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