The MarketDelta Blog

Here is an overview of a delta Footprint with the NYSE TICK and volume breakdown indicator applied. The video showcases the usefulness of using the Footprint with the TICK. Many traders like to fade extreme TICK readings and this can be a good strategy. At other times it is a recipe for disaster. In the video below there were extreme readings in the TICK the whole way up as the market went higher. The Footprint chart and volume breakdown provided valuable insight that the move still had strength and show a very useful way to apply them when following the NYSE TICK.

In the video pay special attention to the Footprint readings AND how the volume breakdown indicator was signaling. They would have kept a trader from stepping in front of a powerful, directional move.