TradingView's footprint charts use tick volume, which counts individual trades instead of contract size, making them less accurate than true order flow from the CME. Kardec Trader shows how this creates uniform clusters in the charts and explains why real order flow data matters for trading.
TradingView's footprint chart is fake. Let me explain and show you how to get the real one instead. To truly follow and see smart money orders, a real footprint gets order flow data from the CME through a data feed that you need to pay. So it shows you the real buyers and seller of the centralized market and how much money they've put on the table and how many trades and how many lots, how many contracts they opened. TradingView's charts instead use something called tick volume. TradingView instead did not invest so much time and money into technology and they've tried to simplify it with something called tick volume. And tick volume works that if price goes one tick up or one tick down, that's considered as one volume, which is a very rough approximation because every tick could be one contract or 100 contract for what we know. So here you pay $50 a month and you don't even know if that's volume is real. Let's take for example this area here. Look at on TradingView and compare it to deep charts. And if we zoom in into the five minute, we clearly see something wrong. Every level has the same amount of contracts and there are clusters of exactly the same number of contracts. That's clearly at least irrealistic, right? If we zoom in here though, you can see the actual actual numbers of contracts that were traded in the real market. From the top to the close of this sell candle, you had zero contracts, while here you had way more. We're going to soon release deep charts together with world scalping champion Fabio Valentini. So if you want to join the live event, comment, order flow and I'll send you an invitation.
