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That topic is way too immersive to cover in a single reply.
A great stepping stone to Volume Profile is to start learning about Market Profile first. A great book to do this is to read Mind Over Markets. It starts you off from a status of zero knowledge and builds you up from there.
This can then be easily be translated over to Volume Profile (for example via FT71's teachings and others). I recommended starting with Market Profile as it introduces all of the terms used in Volume Profile and I don't believe there is a ground up book solely for Volume Profile.
I studied footprint charts for a while but I found zero use for them. That isn't to say they are not useful to some, but exactly like Order Flow they are subjective, as in there are zero setups. A lot of footprint discussion revolves around imbalances and adsorption, which prompted me to write a ton of additional code to detect it. However, my results were mixed because one traders view of an imbalance doesn't mean it will go the way you expect. This doesn't mean you won't find success with it though.
So I'll cut the chase here. I spent way too long concentrating on things that don't work. Eventually I realised this, so I stated to concentrate on the one thing that moves the market. Volume. It takes time, heck of a lot of time, years even, but I eventually got to a point of writing my own algorithms that are based solely on volume and all the types of ways you can slice it and dice it. I literally use nothing else.
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- Trade what you see. Invest in what you believe -
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"The hoenst guide to candle stick charting" and "The honest guide to stock trading" by James Llewellyn are good books with plenty of backtested results on all sorts to Technical analysis and candlestick charting strategies.
Technical Analysis of the Financial Markets
A comprehensive guide to trading methods and applications
by John J Murphy..
Originally written in the mid 1980s, my edition is 1999, still available, and now in kindle edition...
Three books by Al Brooks "Trading Price Action Trends", "Trading Price Action Trading Ranges" and "Trading Price Action Reversals". These are the best and most comprehensive books I have ever found on reading a chart and trading accordingly.
