The MarketDelta Blog

Footprint overlays are a general description we are using to describe a new class of Footprint charts. Some of our 3rd party educators have been using a form of them for quite some time, notably L2ST. A Footprint overlay essentially overlays 2 Footprint charts on top of one another to create a multi-dimensional Footprint.
Some of the benefits of building Footprint charts this way are:

- More customized view of the market
- Added context of wrapped into single chart. See both shape and volume numbers.
- View volume histogram along with bid ask Footprints in single view
- View a point and figure along with Footprint information in single view
- View candle stick information along with Footprint information in single view
- Many other combinations possible

Here is a short video describing them and explaining the basics for constructing bid ask Footprint and candlestick combined. In the coming days and weeks we will post some very specific instructions for creating other various types of Footprint Overlays. We will also show how to add some unique volume studies on these charts to alert for specific conditions, allowing for better timing and more precise entry.

Here are some examples of what you can do, along with the associated chart definition. You an click the chart definition, save it, then import it into your MarketDelta. This explains how to work with chart definitions.