Cluster chart (footprint) and order matching system at exchange
Cluster chart (footprint) and order matching system at exchange Cluster chart , or rather one of its varieties (footprint) provides a great service to traders in the identification of the right point for opening a position. The given chart type was created by US company “Market Delta” that specializes in providing traders with professional trading software. A footprint is nothing more than specifically structured information regarding filled market orders at the price levels in the market. Due to this chart, we can identify the volume of filled contracts within the candle on the chart. It also should be noted that information concerning the executed contracts at the price levels dissents separately on buyers and sellers’ market orders. With this chart, we can get the following information: 1) Number of sell market orders filled on a certain price level 2) Number of buy market orders filled on a certain price level 3) POC of a price bar It should also...