TradingView's New Volume Footprint Chart: Tutorial

In this Trading View tutorial, you're going to learn all about volume footprint chart types, how to use them, how to access them, and what they do for you. Now, the first thing you'll see here is we have volume footprint selected. And when you're zoomed out, we are on a daily chart, but this also works on other time frames as well. We're going to walk you through it on a daily chart. You'll notice that the volume footprint has been selected because we can see these color gradients of buy volume and sell volume for each specific daily candle. Now, the magic really begins when we zoom in on the chart because you're going to see the data appear before your eyes. And this is where the volume footprint chart really begins and starts to show its capabilities. So, the first thing to know about the volume footprint chart, we're going to try to speed through this introduction, then get more advanced as we go, is that off to the right, you are going to see what's called buying volume. And that buying volume is shown in these specific footprints or these specific boxes or rows and it is broken out by the amount of volume at specific price levels. To the left is the selling volume and it's the same thing. You are seeing these specific rows or boxes demonstrate how much selling volume occurred. In the middle is the candlestick. We are on a daily chart. So each candlestick is a daily candlestick just like you're used to. So if you were on a normal candlestick chart, right? There's no difference. The key thing here is that when you have volume footprint chart type selected, you are not only looking at the daily candlestick, but it comes with the volume footprint capabilities to see buying volume to the right of that candlestick and selling volume to the left of that candlestick. That is the key detail about volume footprint charts. And as we mentioned, it could work on all of these different time intervals. The key thing now to understand is the data and what comes with these tools. So let's talk about this data that's presented to you below and even these numbers down here at the bottom of the buying volume and selling volume. So first of all, we're going to talk about total. Well, total is just what it sounds like. It is adding up all of this buying volume and all of this selling volume and showing you the total amount.