The Order Flow Analyzer indicator by VolSys, also known as Footprint®, is a key tool in volumetric analysis. It combines price, trade volume, and order flow into a single bar. This makes it possible to identify, buyer/seller accelerations, absorptions, depletions and possible BID/ASK dominance for each price tick.

The indicator is fully customizable: you can display total volume, Delta volume or Bid/Ask volume, customize the background and text based on Delta or a user-defined imbalance.

INDEX

• Settings-of-Use:
• How-To-Set-the-Order-Flow-Analyzer
• GENERAL
  • Foot Type
  • AUTO GROUPING
    • Auto Grouping Mode
    • Auto Grouping Factor
    • Auto Grouping Group Mode
  • BAR STYLE AND PLOT SETTINGS
    • Bar Style
      • Bar Marker Width
      • Outside Bar Style
      • Marker Alignment
    • Plot Settings
      • 1. Plot Style
      • 2. Background Settings
      • Color Mode
      • Color Calculation
      • Min.-Vol.-Diff. for Imbalance
      • Include Zero on Imbalance
      • Color Only Dominant Side
      • Fixed Vol Color
      • Fixed Bid Color
      • Fixed AskColor
      • Range Defining
      • Range Settings
      • 3. Border Width
      • 4. Background Opacity
      • 5. Dynamic Text Size
      • 6. Increase Dynamic Text Size
      • 7. Text Format
      • 8. Text Settings
      • 9. Show Text for Zero
  • VOLUME/DELTA POC
    • Enable (Volume POC)
    • Border Color (Volume POC)
    • Border Width (Volume POC)
    • Enable (Delta POC)
    • Minimum Delta (Delta POC)
    • Ask Border Color (Delta POC)
    • Bid Border Color (Delta POC)
    • Border Width (Delta POC)
  • VALUE AREA
    • Enable
    • % Percentage
    • Highlight
    • Outside Color
    • Show Line
    • Line Color
    • Line Width
  • RATIO
    • Enable
    • Tick Offset
    • Text Color
    • Text Size
    • Min Ratio
    • Max Ratio
  • VOLUME CLUSTER
    • Enable
    • Min. Volume
    • Increase Volume Based on Tick Grouped
    • Line Width
    • Back Color
    • Opacity
  • ADVANCED

Use settings:

To apply the Order Flow Analyzer to the chart, click on the Indicators function, and select the Order Flow Analyzer indicator from the list

How to Set the Order Flow Analyzer

Clicking on the indicator settings icon will open its configuration window, within which you will be able to make several choices regarding the functionality of the indicator itself.

GENERAL

Foot Type

This setting allows you to select the type of data to display. Options include:

• Volume
  Show the total volume of trade.
• Ask bid split
  Distinguishes between buy (Ask) and sell (Bid) orders.
• Delta
  Show the difference between the volume of buy and sell orders.
• Delta and total volume
  Combine Delta with total trade volume.

AUTO GROUPING

1. Auto Grouping Mode

   • Automatic
     If set to "Automatic", the platform will intelligently group ticks to optimize display.
   • Manual
     If set to "Manual," the platform will allow grouping to be set according to the user's choices, specifying the number of grouping ticks.

2. Auto Grouping Factor

   Defines the level of tick aggregation, affecting the detail of the data displayed.

3. Auto Grouping Group Mode

   This option allows the user to choose whether tick grouping should be Fixed or Dynamic, depending on the user's preference.
   • Fixed (Fixed Grouping)
     With fixed grouping, data are divided into predetermined, constant intervals.
   • Bar Based (Based on Opening and Closing)
     This grouping mode is more dynamic, as data are aggregated based on market behavior between the opening and closing price of each individual bar.

BAR STYLE AND PLOT SETTINGS

• Bar Style

1. Bar Marker Width

   Indicates the thickness of the candle

2. Outside Bar Style

   Ability to choose between Candle (Bar) or Body (Body) style. In the Bar Style the candle is shown with its shadow, in the Body Style the candle is shown with just the body.

3. Marker Alignment

   Defines the position of the Marker in the right or middle position of the bar.

• Plot Settings

  1. Plot Style

  Defines the format of the display.

  • Profile
    Represents the data through a histogram profile
  • Box
    Represents the total amount of data within a cell

2. Background Settings

• Color Mode

  • None
    No coloring is applied. The entire footprint appears without highlighting any particular areas.
  • Fixed
    Predefined colors are used to represent data, without gradients or variations, e.g. green bid, red ask.
  • Fading color
    A fading effect is applied to represent changes in volume, delta or imbalance, allowing a more intuitive view of the differences.
  • Multiple colors
    This mode allows you to customize a variety of colors to distinguish volumes and orderflow in more detail, which is useful for those who wish to highlight multiple types of data. You can do this by setting the Range Definition to USER, and then clicking "Open Settings."

• Color Calculation

  • Volume
    color the footprint based on the total trade volume for each level.
  • Delta
    Use the value of delta (difference between buying and selling volumes) for coloring. The higher the delta, the greater the color intensity.
  • Imbalance
    Shows an imbalance between the bid and ask side, highlighting areas where there is a significant imbalance between buy and sell orders.

• Dominant volume

Highlights the largest volume (bid or ask) present at each price level.

• Volume Dominant delta

A combination of volume dominant with delta, to highlight areas with greater difference between buying and selling volumes.

• Min. Vol. Diff. for Imbalance

  This parameter defines the minimum volume threshold required to consider a significant difference between bid and ask as "imbalance." The higher the value, the more noticeable the difference between the two sides must be to be highlighted.

• Includes Zero on Imbalance

  If enabled, it also includes price levels where there is no volume on either side (bid or ask) in the imbalance analysis, providing a clearer indication of imbalances.

• Color Only Dominant Side

  When activated, it colors only the side that has the dominant volume (for example, if bids are greater than asks, only bids will be colored). This helps focus only on the most significant part of the order flow.

• Fixed Vol Color

  Lets you define a fixed color for all the volume shown.

• Fixed Bid Color

  Specifies the color for the volume of bids (purchases).

• Fixed AskColor

  Specifies color for ask (sales) volume.

• Range Defining

  It allows you to define how to determine the ranges of values that will be represented through colors. It can be set to "Automatic" defined by the platform, or in a custom range in the user mode.

• Range Settings

  This option opens additional settings to define the custom range.

IMMAGE IMBALANCE FOOTPRINT

3. Border Width

The border thickness of the volume profile or box, per pixel

4. Background Opacity

The level of transparency of the background of the profile or box.

5. Dynamic Text Size

Automatically adjusts the size of text within the graph, adapting it according to the amount of volume, delta, or imbalance displayed. When large amounts are detected, the text size increases proportionally to visually highlight these significant areas. This dynamic behavior allows for quick recognition of the points of greatest activity on the graph, improving readability and making critical information easier to spot during order flow analysis.

6. Increase Dynamic Text Size

Parameter of increasing dynamic text size.

7. Text Format

Lets you choose how to display numerical values within the graph to improve readability and tailor the format to your preferences. The available options are:

• Automatic: The text format is automatically adapted according to the context and the amount of data displayed, making it easier to read without requiring any further intervention.
• Normal:Values are displayed in their full format, without abbreviations. This is useful for those who prefer to have a more detailed view of the numbers without any form of compression.

• K: Numerical values are abbreviated using "K" to represent thousands (e.g., 1K for 1,000). This mode is useful to reduce visual clutter and make the graph more readable when there is a lot of data.

• 8. Text Settings

  This section allows customizing the coloring and numerical representation of footprint data for better interpretation of volume, delta, and market imbalances. Through different coloring modes and adjustment options, you can tailor the display to your preferences to facilitate orderflow analysis and quickly identify key areas of activity.

  9. Show Text for Zero

  Show Text for Zero within the footprint/profile.

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  VOLUME/DELTA POC

  • Enable (Volume POC)

    Enable or disable the Point of Control (POC) display for volume. The POC represents the price level with the highest volume within the bar.

  • Border Color (Volume POC)

    It allows you to select the border color to highlight the volume POC. A custom color helps easily distinguish POC from other price levels in the Order Flow Analyzer.

  • Border Width (Volume POC
    

    Defines the border thickness for displaying the volume POC. A greater thickness can make the POC more prominent.

1. Enable (Delta POC)

   Turns on or off the display of the delta POC. Delta POC identifies the price level with the largest net difference between buy and sell orders.

2. Minimum Delta (Delta POC)

   Set the minimum delta value required for the delta POC to be displayed.

3. Ask Border Color (Delta POC)

   Defines the border color for the "Ask" side of the Delta POC.

4. Bid Border Color (Delta POC)

   Defines the border color for the "Bid" side of the Delta POC.

5. Border Width (Delta POC)

   Defines the border thickness for displaying the delta POC. Increasing the border thickness makes the delta POC more prominent.

VALUE AREA

1. Enable

   Toggles the Value Area display on or off. The Value Area represents the price range within which a certain percentage volume of total trades occurred.

2. % Percentage

   Defines the percentage of the total volume that is used to calculate the Value Area. For example, setting a value of 70% will show the price range within which 70% of the total volume occurred.

3. Highlight

   Toggle the option to visually highlight the Value Area on the candle. This allows you to highlight the area of greatest volumetric activity.

4. Outside Color

   Select the color used to highlight the area outside the Value Area. This helps to clearly differentiate the inside area from the outside area of the selected value.

5. Show Line

   Turns on or off the display of the line that delimits the Value Area.

6. Line Color

   Allows you to select the color for the Value Area bounding line.

7. Line Width

   Defines the thickness of the Value Area boundary line.

RATIO

1. Enable

   Enables or disables the display of the ratio on the footprint bar. When enabled, it provides a numerical representation of the bid/ask ratio directly on the chart.

2. Tick Offset

   Defines the offset in ticks to position the ratio value relative to the maximum and minimum of the bar. This allows the position of the ratio to be adjusted to avoid overlapping with other chart data.

3. Text Color

   It allows you to select the color of the text used to display the ratio.

4. Text Size

   Defines the text size for the ratio display.

5. Min Ratio

   Sets the minimum value of the ratio that must be reached to be displayed on the graph. This option allows you to filter out low ratios and focus only on meaningful values.

6. Max Ratio

   Defines the maximum value of the ratio that can be displayed. This setting allows you to limit extreme values.

VOLUME CLUSTER

1. Enable

   Toggles on or off the display of the volume cluster in the footprint. This feature highlights areas of the chart with high trading volumes, helping to identify areas of strong market activity.

2. Min. Volume

   Defines the minimum volume required for a cluster to be considered significant and be displayed on the chart.

3. Increase Volume Based on Tick Grouped

   Toggle the option to increase volume based on tick grouped. This feature allows volume to be summed across multiple neighboring tick levels, making it clearer how activities are concentrated in certain price areas.

4. Line Width

   Defines the thickness of the line used to highlight the edge of the cluster volumes.

5. Back Color

   Select the background color for the volume cluster. A custom background color makes it easier to identify areas of interest, improving the visual clarity of the chart.

6. Opacity

   Sets the opacity level of the background color for the volume cluster. A higher opacity value makes the background more visible, while a lower value makes it more transparent, allowing you to adjust the display to your preferences and the readability of the chart.