Is IBKR Data Good for Order Flow? | Free Footprint Chart Template

This video shows and explains a footprint chart template created in Sierra Chart for studying order flow analytics. In the video I showed the template on a few different markets including a high volume option contract through Interactive Brokers data. The IBKR feed is not a tick by tick data feed, but it might be close enough for some, more info about that in the video. For the option demonstration we only had the Level 1 OPRA subscription, which is why you only see the top bid and offer on the order book.

Google Drive Link to download this template and instructions: https://drive.google.com/drive/folders/1oX7tkVQ9gUBem1CZnPcnVcMWrnZj_cXu?usp=sharing

Broker used to Trade Stocks & Options: 📈
https://www.InteractiveBrokers.com/mkt/?src=verrilloy4&url=%2Fen%2Findex.php%3Ff%3D1338
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Disclaimer: The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.r whether such trading is suitable for you in light of your financial condition.

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0:00 Intro
01:16 Instructions and why I did this
03:18 Point and Figure footprint on a stock option
06:25 How I use it and description of point and figure chart
08:09 What are the numbers showing
09:58 Background coloring and studying the delta
13:02 Bar values at the bottom for reference
14:31 Historical pullback delta from high/low of bar
15:59 IBKR historical data and info about bid/ask volume