The MarketDelta Blog

Every now and then we look to highlight an interesting chart that showcases some of the powerful features within MarketDelta. Here is an example of a Footprint chart set to the Footprint Profile type (any Footprint type could be used) showing the volume point of control (VPOC) as a blue box within each bar and then a blue line denoted as a “naked VPOC”.

There were 2 indicators used to create this chart. The Profile indicator to draw the naked POC lines and the Volume Price Statistic to draw a box around the high volume price. A naked VPOC is simply a high volume price that has yet to be re-tested. So the blue line will continue to draw across the chart until that price trades again.

Many traders like to “lean” on high volume areas and it is a known fact the market likes to test high volume areas. So one way to use this information would be to look at these lines as support and resistance areas then use the “inside the bar” Footprint information to get in and manage the trade.
The screenshot below shows the most recent couple of days using 30 minutes chart. Here is the chart definition. This chart definition requires the Standard + Market Profile edition or higher.