What is orderflow trading?

[Anne]

• Orderflow is claimed to be a realtime indicator that can be used to view the activity within the individual candles based on the bid and ask.
• This meaning that If one is using an orderflow footptont chart, you are able to see the nimber of buyers and sellers that are coming in at each price level.
• Below is an example to give you an idea of how the orderflow footprint chart looks like bearing in mind that different orderflow providers have different interfaces and may therefore appear different from time to time based on their individual code but the gist if its usability is ideally the same.
• 

 

[voucheesvlot]

I wonder how trust-worthy this would be though.. do you really think market makers will make this kind of data available publically? It looks too good to be true to me

 

[ticktraveller]

It seems like a complicated methodology with colors and numbers on chart. Not for average ppl I guess

 

[Fin_Trader]

And what is the point of this number of buyers or sellers? After all, we do not see the volumes of their transactions. And only volumes affect the market movement when large players reverse it and influence its further movement.