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Hello friends

Do you know what is the method in the market by which you can find out whether there are more
buyers or sellers in the market?
Yes, now it is very easy to find out just by GoCharting software.

What is the GoCharting ?

GoCharting is a modern financial analytics platform offering world-class trading and charting
experience.

In GoCharting you will find tons of tools that you have never seen before and you can use them
to advance your trading style very easily.

With the help of GoCharting , also you can analyze the option chain in the market very easily
and here you will get a lot of information and indicators related to the option chain which will
help you in trading.

Here we are going to give you some important information about Order flow Footprint chart
and we sincerely hope it helps you to understand this concept.

GoCharting trading platform provides Orderflow Analysis, an advanced analytical

functionality, which allows you to see the traded volume at each price level, assess the balance
between buyers and sellers and understand the intentions of traders regarding the future price

Orderflow module in GoCharting comprises of the following components

1. Cluster Charts (a.k.a. Footprint chart or OrderFlow chart)
2. Imbalance Charts
3. Fixed, Session and Composite Volume Profile
4. Market Profile aka TPO
5. Delta Bars and Cumulative Delta
6. Bar/Time Statistics — volume data per each bar in table form
7. Power Trades Scanner
8. Algorithmic Imbalance Support/Resistance
9. Time & Sales
10. Depth of Market aka DOM
11. Orderbook
12. VWAP — multiple VWAP lines for a single chart
13. VWAP Bands
14. Anchored aka Custom VWAP

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Order flow is a footprint chart showing only the real-time market order executed trades to study
the momentum and strength of the aggressive buyers and aggressive sellers. If the market buy
order is hit, then the OFA is printed on the buy-side where the seller had a limit order and if the
market sell order is hit, then the OFA is printed on the sell-side where the buyer had limit order.

Please note, a limit order during the execution will get converted into a market order when the
price reaches the limit level. For example, if the price of XYZ is 100, if you keep a Limit Sell order at
105 when the price reaches 105, then this limit order will be converted into a market order, and it
will be released into the system. An order flow chart will include all the executed market orders.

Image: A typical Order flow imbalance chart

A standard order flowchart is shown in the above picture. One can add/delete/amend any
features of the order flow using the ‘Totals’ option. Besides, you can also add volume profile or
volume histogram delta bar etc .using the same choice.

Ask – It shows the total ‘Ask’ quantity for the selected time across the price range. If you view
15-minute order flow chart, then it shows the total ask quantities executed at market rates in
that 15-minute window across the price range.

Bid – It shows the total ‘Bid’ quantity executed at market rates for the selected time across the
price range. If you view 15-minute order flow chart, then it shows the total bid quantities in
that 15-minute window across the price range.

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Delta– It is the net difference between the Ask and Bid in that respective time window. It is
calculated by subtracting the market order volumes transacted at the bid price from the
market order volumes transacted at the ask price.

Cumulative Delta – In this case, the ‘Delta’ of every selected timeframe is added to the
current window, and it will be displayed. It is the total volume of market orders traded till
that time.
It provides the broader dimension of the delta as it spans over the entire day. So, irrespective of
your timeframe, the software totals the entire delta across the total time interval and displays a
running total. When cumulative delta is positive, it reflects the aggressive buyer’s strength over
the course of the session.

When cumulative delta is negative, it indicates the aggressive seller’s strength over the course of
the session. Cumulative delta should never be studied in isolation. Up move in price with an
increase in Cumulative delta’s positiveness indicate upmove supported by aggressive buyers.
Thus you can believe the uptrend. However, a fall in Cumulative delta with upmove in price
indicates long liquidation or profit booking. Similarly, if prices fall with increasing negative
cumulative delta, that indicates a fall in prices supported by aggressive sellers. However, if market
prices fall without an increase in negative cumulative delta, it indicates short-covering and profit-
booking by bears.

Cumulative Delta/Volume– In this case, cumulative Delta is represented as a percentage of total

volume..

Volume – It shows the total volume for the selected period.

Cumulative Volume – In this case, the volume of every period is added to the current window, and
it will be displayed.

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The above picture shows the order flow chart for the last 30-minute timeframe. In this case, the
price range is from 27490 to 27525.

If a market buy order is hit, then the OFA is printed on the buy-side where the seller had a limit
order, and if a market sell order is hit, then the OFA is printed on the sell-side where the buyer
had limit order.

On the left side, you can see all the executed ‘Sell’ orders at different price levels. Similarly, on
the right side, you can see all the executed ‘Buy’ orders. The price has seen the close below
27490 which indicates sellers were active in this time frame.

It can also be seen on the chart. In this case, sell orders are more (even at first look) and a
negative delta of 9440 and -5.2% cumulative delta indicates sellers are in precise control with
the clear fall in price action.

Delta Divergence occurs when prices are moving up, but Delta is coming down or vice versa. It is
similar to the RSI divergence concept. If prices are going up and Delta reducing, it is an early
indication of exhaustion of uptrend and reversal can happen anytime. Similarly, if prices are
falling and Delta is decreasing, it is the first indication of exhaustion of downtrend, and
reversal can happen anytime. By catching divergent moves, you can avoid getting trapped by a
false move.

A word of caution - Use Orderflow as a confirmation tool,

but don’t use this to initiate a new trade!

What is the level 2 NSE DATA?

Level 1 provides best bid and ask price; Level 2 provides market depth data upto 5 best bid and
ask prices and Level 3 provides market depth data unto 20 best bid and ask prices. Tick by tick
data offers full order book. The real time data feed is provided in multicast format.

What is VPOC zone?

VPOC (Volume Point of Control) – is the price, where most of the volume traded over the day.
Market Profile with prominent VPOC – profile, that has clearly one significant VPOC. Value
Area (Value) – is the range, where most of the volume (70% of the volume) has traded for the
day.

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 What is volume point of control?

The price level that has the highest volume (widest horizontal row) is referred to as the point
of control (POC), which identifies the price level where most trades took place. The range of
prices around the POC that contain 70% of total volume for the period is called the value
area

Do Professional traders Use Volume Profile?

A professional trader looks at the volume profile and realizes the stock is far away from the
current “value area” (VA). Thus, they will put a limit order down near the 37700 area, to pick
up the long position near the top of the value area high (VAH)

Hope you liked this information and to know more, contact us today, we assure you that
this tool will make your trading more effective so that you can earn maximum

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