Footprint trading is an advanced trading technique used on both cryptocurrency and legacy markets.
The benefits of footprint trading are more pronounced in short-term speculation techniques, such as scalping.
Footprint charting is a way of plotting the price action to get the so-called “footprint” within a candle.
The footprint is essentially a histogram that plots the volume traded at each price segment of a candle. A candle footprint chart could look like this:
Usually, the display is done in a way that is easier to look at, such as by coloring segments of the candle with different levels of intensity:
Tools for footprint trading in crypto
- Tensorcharts was the original charting app that was the first to provide footprint charting for crypto. Footprint is available in paid plans. (More on TensorCharts)
- Tradingview currently does not provide footprint charting, but it is going to be added as a feature to Tradingview paid plans soon.
Want to *really* learn crypto charting & technical analysis?
Hate to break it to you, but there's no trading school, no neatly structured course and no simple how to.
Read our articles to get familiar with the tools, but try everything hands on. Trading will press your emotions, you can only really learn it as you go.
All the good crypto charting tools and platforms are accessible for FREE in either TradingView app or at Bitfinex. Just start!