I’m a bit confused about order flow tools in Indian markets.
From what I understand, exchanges like NSE/BSE don’t provide:
Full public order book history
True bid/ask aggressor tagging (needed for real footprint/delta)
If that’s the case, how are platforms like TradingView or GoCharting offering footprint charts and similar tools? Are these based on real data or just approximations?
My context:
I got into orderflow after watching US traders like Andrea Cimi, Fabio Valentini, and Carmine Rosato, and tried applying similar concepts here.
But now I’m realizing US markets (like CME futures) might have much more detailed data compared to India.
So just trying to understand:
Are these footprint tools actually reliable in India?
Or are they just estimated visuals based on volume/price?
Bookmap, a global order flow charting provider for professional traders, was initially launched in India.
However, they eventually discontinued the product after realizing that the available market data wasn’t sufficient for order flow tools to function effectively.
This highlights an important point: while you can invest a lot of time in analyzing order flow charts and tools, the reality is that even the so called tick-by-tick aggregated data available to the public is often too limited for these techniques to work well in intraday trading in our country.
I think if they are formed from tick by tick data then they are, at colocation exchanges provide all the data, order books etc, if vendors are buying it then it should be fine I think.
Thank u sir
Really appreciate you taking time to reply…
I have been stuck with this…for quite some time and have been asking this question on almost all indian trading communities on reddit…
