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Im new to this forum but i found this forum when i was searching for footprint indicator. I had demo 1 to 1 with someone of noft trader, but saw that the indicator (Footprint Chart for NT8 ) on this forum can be exactly the same!
Can i use this footprint chart for forex ? does this works as fast and real time like i saw in demo of noft? and does this indicator show imbalances and buy and sell signals ?
If someone can answer this question, i hope that i can save 2000 dollar
Thank you
Can you help answer these questions from other members on NexusFi?
Im new to this forum but i found this forum when i was searching for footprint indicator. I had demo 1 to 1 with someone of noft trader, but saw that the indicator (Footprint Chart for NT8 ) on this forum can beexactly the same!
In order to make a footprint chart, you need volume
FX market is not centrally cleared, so the question is which volume ?
in best case, you will be talking about a 'proxy' for the volume of the
market.
There are many tools to make a footprint chart
and there are several methods to create a footprint chart
The deeper you dive into the problem, the more it tends to become
a religion...
The bottom line question for footprint charts is to see levels at
which significant volumes have been previously been traded, as well
to see the market distribution for the day and previous days
While for FX futures it is possible to do order flow analysis, i'm not
sure that is that correct for the FX market, it's more of a proxy
just my opinion
Thank you for your answer, i know forex is decentralized, but Noft traders could make footprint chart of forex( ive seen it live) but i will not pay 2000 dollars for it.
I found that there is indicator here on this forum, Footprint for ninjatrader 8, but i need to know if i can use this indicator on forex. before i become elite
I think Noft trader use fxcm data, and i will also use fxcm data or kinetic. Just i don''t know if anybody has experience with the indicator on this forum on forex
Do you have experience with the indicator on this forum (footprint for NT8) ? I Just want to know if it can be used on forex and if it works well, thats all , i don't need more information about noft software, i want know if the software on this forum is same.
, i don't need more information about noft software, i want know if the software on this forum is same.