Quantower Delta Footprint Chart Setup! Highly Requested Content!

[@ps-cg6iz]

AMAZING!!! thank you sooo much for this excelent explanation. love you.

[@lprtradinggroup]

Thank you for the comment! Carlos did a fantastic job on this one!

[@cypsteel]

@Carlos - Can you explain what you're looking for here? How do you use it? This setup differs from Dave's setup a bit as he was looking for the zero's and didn't have volume on left side of bar. Can you show a clean bottom vs dirty bottom with this setup?

[@netbeuiprotocol]

As you watch more you will start to see the patterns and what you want to see when u think the trade is going to reverse or continue, for example i look got rotations of delta. In other words, when i see heavy selling (stronger bids) and i ak looking to reverse or the selling is part of a pullback? I want to see the delta flip and show stronger buying (stronger asks). I recommend watching the behaviors when the market flips. You will start to see it. Thanks for the question. :)

[@a4ashan]

Thank you for the valuable content. May I know why you picked Renko over candlesticks?

[@lprtradinggroup]

You’re very welcome. I like renko because they are range based. If we stay in a range for 20 minutes for example we will have maybe 1-2 renkos. If we were looking at 1 minute prints we would have 20 candles. It’s much easier to identify what’s going I. With fewer prints. Less confusion! Thank you for the comment! ❤️

[@HnK519]

Should "Coloring mode" be switched to "Coloring by data type" now that QT has changed the setting options?

[@lprtradinggroup]

Hey! I no longer use QT so I can’t say for sure. Sorry!

[@HnK519]

@@lprtradinggroup what did you switch to if you don't mind me asking?

[@andreazampelli8098]

For some reason I don't have the Histogram option available for the color type on the cluster.... Do i need an extension or something?

[@lprtradinggroup]

Should just be a default within Quantower.

[@MakokhaJohn-w2c]

thanks for the content...do you have any video on market exhaustion in quant tower like those levels printed automatically in ninja trader. thanks

[@lprtradinggroup]

Unfortunately I don’t. I no longer use QT. It was too much of a resource hog for me and I felt Sierra Chart does everything I need in a platform for a fraction of the resources. Thanks for the comment!

[@hemorideriecht2329]

nice one, inspirational and pretty informative (also its hard to find good content about quantower,..kinda niche)

[@lprtradinggroup]

Yea, Quantower is definitely niche...maybe not as rough as SC but i felt the pain finding information when using it. Glad this helped! Carlos did a great job going through the build. Thanks for the comment. Glad you enjoyed!

[@virtunus7950]

Great video. I’ve been using Neon Blue (#1F51FF) and Neon Red (#FF3131) for my delta colors and it shows a greater contrast between the two have a go you may like it! And grey shade for volume

[@netbeuiprotocol]

Will check this out, thanks for the tip😊

[@lprtradinggroup]

Thanks for the tip! Glad you enjoyed the video! Thank you for the comment 🙏

[@taz_trader]

Hey one thing im curious of is when it comes to an imbalance ratio, lets say bid is 150 and ask is 210. But bid is glowing with a 3.0 imbalance ratio, what does that exactly mean? Because doesn't the ask side volume outweigh the bid side? I don't quite understand what makes bidside glow as a 3.0 imbalance ratio while the ask side is much higher in volume.

[@lprtradinggroup]

Great question!! Imbalances are measured on a diagonal. Look at a price level.. The BID is below the ASK so if you measure a BID on the left side, go diagonally up to the right 1 tick and that is what the chart is looking at for imbalances. I hope this helps!

[@MrRichforlife]

this video was soooo helpful. thanks for sharing your knowleadge. do you have a course or a group for studies somewhere? thanks again

[@lprtradinggroup]

Thanks for the comment!! Yea we do. We have a discord group that we trade in. We tried the whole course thing but it’s just too tough to cram orderflow into a course that makes sense. We would just rather discuss it daily inside of discord! Whoop! Www.LPRTRADINGGROUP.com

[@MrRichforlife]

@@lprtradinggroup thanks for your reply. at the moment i just downloaded Quantower and im trying to set up the charts like yours, but mannn is just hard, never used it before, not much making sense, so many questions. Do you offer some kind of help setting up charts? like remote assistance? or do you know someone who could help? i can pay of course. thanks

[@lprtradinggroup]

Hey! I know Quantower has their own youtube channel and they do go through some content. Most of our members have migrated to Sierra. Some still use QT but they keep it pretty basic!

[@shaakenbake]

Combining Renko with Cluster oww man, this is absolute power.

[@lprtradinggroup]

Whoop! Glad you are enjoying the content!

[@Shinesaur]

how come when I turn on cluster its just a bunch of uncomphrenible yellow bars

[@lprtradinggroup]

You should be able to look back at our Quantower cluster chart setup video. Carlos also went through a lot of the settings in this video. Do you have a data source connected? Also…if you are connected to Rithmic they typically do maintenance on the weekends. That might have been the issue!

[@netbeuiprotocol]

Where you able to get it resolved?

[@VVV-tb2of]

Thank You so much, now no need in trading view))) It's better

[@zeeali7463]

Can u make detail vdo how to setup copy trade on quant tower please , thank u

[@bharatpatel1669]

how to set this up for forex pairs? Or it just does not work? I am looking for delta numbers for forex but could not find anything better.

[@lprtradinggroup]

Hey! I don’t trade forex. You can playa round with these settings though.

[@ps-cg6iz]

there is just one thing in QT that is extremly painfull. its the constant scaling that it does when the chart is set to AUTO... but i just guess this setting is not meant to be used with CLUSTER chart.

[@netbeuiprotocol]

yea that was annoying me too, i turned it off.

[@kasunchamara7497]

Long Waited Video..... Thanks Mate 🌟

[@lprtradinggroup]

Our pleasure!

[@onakin_skywalker]

I think that with the latest version, it's not possible to assign a separate color for the volume and the delta values. On your chart, I see three different colors for volume, positive delta, and negative delta, but I can't seem to configure my charts like yours. I also have a Coloring Mode right under the visualization setting on my version, which you don't. EDIT: I think I found it. You need to choose "Coloring by data type" to be able to assign different color to volume (Data type #1).

[@mantasgrz]

where do you find those settings?

[@onakin_skywalker]

@@mantasgrzCluster Settings: Type: Double Data type #1: Volume Data type #2: Delta Visualization: Histogram Coloring mode: Coloring by data type

[@Trollberg]

does it come with free version of quantower?

[@lprtradinggroup]

Free version of quant is available when you open an AMP futures account. AMP offers a lot of free platforms if you trade with them. Very neat!

[@Trollberg]

@@lprtradinggroup idk what AMP is I'm using TOS and Ameritrade

[@caked34]

Delta % isn’t based on % change…. It’s a % of total v (delta/total volume)

[@overly-random3961]

Can you explain more please, sorry I'm a newbie

[@netbeuiprotocol]

Yes that is correct, i get those mixed up, although i use the whole candle delta, it’s prob more important the deltas at specific prices.

[@lwazilonkesibisi3884]

Im having trouble setting up the footprint chart the data is only appearing on one candle please may i get some help guys

[@lprtradinggroup]

Have you checked your data feeds? Are you connected to CQG or Rithmic?

[@elletrading]

really helpful 🙌

[@lprtradinggroup]

Thanks for the comment!

[@funniestcutestpet3676]

This is 3 days chart, right? Could please show me how to set up 1m chart?

[@lprtradinggroup]

If you're interested to speak more with Carlos regarding QT see below! payrole.io/checkout/?packageID=65249a7cf968f40012df9e72 This link will get you a free 30 day trial inside of our chatroom. You will have to fill out payment information on PayRole.io but will not be charged as long as you cancel before the end of the trial! Looking forward to seeing you there!

[@JaypezSolutions]

Nice content!

[@lprtradinggroup]

Thanks! Carlos did a great job!

[@netbeuiprotocol]

Awesome!! ❤❤

[@lprtradinggroup]

[@MrRichforlife]

Are you still offering a free to your Discord Channel?

[@lprtradinggroup]

Hey! Unfortunately it expired at the end of October. Will be opening another one in the new year!

[@MrRichforlife]

Sounds great. Thank you 👍

[@jamesnap601]

Better then quantower explained it

[@lprtradinggroup]

Carlos is a legend! He did a fantastic job on this one! Thanks for the comment!

[@PotatoGunCamper]

It is awful that you can't do a true gradient view like in the original Market Delta.

[@lprtradinggroup]

Totally agree! I’ve switched to Sierra chart. Just too many issues here.