Order flow
Reading the tape — volume profile, VWAP, delta, footprint charts and absorption.
- ArticleVolume ProfileA horizontal histogram of volume traded at each price level.
- ArticlePoint of Control (POC)The price level with the most traded volume in a profile.
- ArticleVWAPThe volume-weighted average price, a fair-value benchmark for the session.
- ArticleOrder Flow DeltaThe difference between aggressive buy and sell volume.
- ArticleFootprint ChartA candle that shows buy and sell volume at every price inside it.
- ArticleBid-Ask ImbalanceVolume heavily skewed to the bid or ask, showing one-sided aggression.
- ArticleAbsorptionLarge passive orders soaking up aggression without moving price.
- ArticleCumulative Volume Delta (CVD)A running total of delta tracking net aggressive buying versus selling.