Video summary

15. DeepPrint (Orderfow Candles/Footprints)

Main summary

Key takeaways

Technology

Overview

This lesson introduces DeepPrint (Orderflow Candles / “footprints”) in Deep Charts and explains how to configure and interpret a bid/ask footprint visualization for aggressive buying vs. aggressive selling.

How to set it up (tutorial steps)

  1. In Deep Charts, create a new price chart (“New price chart”) and select e-mini S&P.
  2. Activate Orderflow bid/ask directly to build the footprint chart.
  3. Focus on lower timeframes (the speaker prefers 1-minute for reading).

What the footprint chart shows (core concepts)

The footprint visualizes orders hitting the order book:

  • Aggressive selling: orders that hit the bid
  • Aggressive buying: orders that lift the ask

It can display:

  • Total volume (aggressive buy + aggressive sell at that price level)
  • Delta (aggressive buy − aggressive sell at that price level)

Delta math (as stated by the speaker)

  • Example:
    • 81 + 110 = total volume
    • 110 − 81 = delta

Visualization settings / customization features

The chart is highly customizable, including:

  • Text size
    • Can be enlarged for readability.
  • Background mode
    • Can be changed (e.g., faded/colored background via plot settings).
  • Coloring options
    • Based on: volume, delta, dominant volume, or volume-dominant delta
    • The speaker prefers delta-based coloring for simplicity.
  • Templates
    • Mentions loading a 1-minute entry template
    • Note: charts may take time to rebuild if many days are loaded.
  • Cleaner appearance
    • Example: turn the chart area black and keep only key overlays.

How to interpret “auction” behavior (advanced reading)

The footprint summarizes the auction that created the candle, highlighting auction imbalance:

  • Auction imbalance is described as the imbalance between:
    • what was bought from the ask, and
    • what was sold in the bid (described as a “diagonal auction progression”).

Finished vs. unfinished auctions

  • Finished auction
    • Levels return to 0/0 (completed behavior).
  • Unfinished auction
    • Non-zero imbalances remain
    • Levels may later be taken out later—no guarantee, but traders watch for this.

Color meaning (delta vs. imbalance)

  • Background color corresponds to delta
    • The deeper/stronger the color, the higher the delta magnitude.
  • Text color corresponds to auction imbalance
    • Highlight thresholds mentioned:
      • Around 200% imbalance → lighter highlight colors
      • Around 400% imbalance → more “punchy” and strongly highlighted colors
  • Alignment scenario
    • The speaker notes cases where delta coloring and imbalance coloring align, describing it like absorption (“something real going on”).

Key footprint annotations / terms

Point of Control (POC) / “point of the candle”

  • Defined as the price area where the highest volume executed.
  • Shown as a yellow box in the example.

Data philosophy: executed vs. spoofed

The speaker emphasizes using executed orders rather than relying on displayed book orders that may be spoofed / cancel-reposted.

Example visualization setups

The lesson demonstrates combining multiple interpretations in the same display:

  • Volume profile
    • Where most volume traded (later described as colored through delta)
  • Footprint
    • Bid/ask aggressiveness

It also describes building combined layouts using multiple footprint charts, such as:

  • A 5-minute template plus bid/ask footprint and volume profile together.

Layout customization ideas

  • Use indicator layout sizing/offset to place analyzers side-by-side or stacked.
  • Split the footprint into multiple panels with different configurations (advanced settings, half-size, offset vs. no offset).

Tutorial takeaway

  • DeepPrint is highly customizable.
  • The user is encouraged to:
    • Experiment with settings
    • Choose which imbalances and colors match their trading hypotheses
    • Use provided templates, then learn the detailed reading method in subsequent lessons.

Main speakers / sources

  • Speaker: The instructor (unnamed in the subtitles) teaching the “orderflow tools 103” course, explaining DeepPrint/footprints in Deep Charts.
  • Source/tool: Deep Charts (DeepPrint / Orderflow Candles / Footprint chart indicator).

Original video