There are 2 methods for drawing Footprint charts. Normally you will probably want to chose Footprint Chart from the Chart menu. However, there are 2 primary technical reasons why you might choose to use the Footprint Indicator instead of the Footprint Chart.
Best for applying other indicators on top of an existing Footprint chart. For example, applying VWAP on top of a Footprint chart or a stochastic at the bottom.
Best for a trader who wants to:
- see Footprints overlaid on a regular chart. Below is a candlestick chart with the Footprint Indicator applied.
- use the Footprint indicator in custom studies, QFormulas, conditions, alerts, etc.