OrderFlow and Footprint Charting

hitt025

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Aug 1, 2020
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I want to apply Orderflow and Footprint charting to the equity market, like stocks, to gain an advantage for my day-trading setup. Has anyone applied this method for stocks? I was told my MV that you need tick data and since my TDA API doesn't support tick data I need to purchase 3rd party data like IQFeed. But IQFeed data is about $130 per month. I'm hoping to get some feedback from the forum on how to pursue this
 

ScottyA

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Never tried this for stocks, as individual stocks generally aren't liquid enough compared to futures or a select number of ETFs. Most stocks are traded in large quantities rather than using OF tools like you would in Futures.

Yes, you will need tick data for anything OF related. IQFeed is certainly one of the best data providers in the biz, and yes it's pricey! I'm also not aware of many (any) tick-based data providers for stocks.
 
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