If you’ve been following me for a while, you’ve probably noticed that I regularly use Exocharts in my technical analysis to read and interpret the Order Flow.
So I thought it would be a good idea to put together a guide giving you the information you need if you’re also thinking of using the solution Exocharts offers. It’s meant to evolve over time, so I encourage you to bookmark it if Order Flow analysis interests you! Finally, you’ll discover a few examples of Exocharts in action.
By the way, note that I’m giving away 3 months of Exocharts subscription to everyone who attends my order flow webinar on Sunday, April 7, 2024!
Exocharts | My Review
The main advantages of the platform lie in its price and in the quality of the tools it offers for reading Order Flow.
As of today, Exocharts has only one real drawback left…
It comes down to the fact that Exocharts is still fairly young, so reading Order Flow isn’t yet available on every market. That said, note that they recently added stocks and the CME.
The second downside WAS customer support, but they clearly understood this was a point that would make the difference, so they put in serious effort to deliver ULTRA-responsive support!
For now, we’ll forgive them these teething problems. That said, I also hope to quickly see significant improvements on these 2 points ( which is already the case for support since I wrote this ). At Captain Trading, we’re currently busy diversifying the markets we trade in the Discord Trading Pro. So we’re feeling a certain impatience to see them diversify!
But you also know that I love testing new tools and introducing you to them!
If, like me, your specialty is the crypto sector, Exocharts could well suit you if Order Flow is an integral part of your technical analysis.
Finally, the price of this tool is entirely reasonable — but when it comes to Exocharts’ pricing, it’s right below!
Order Flow & Footprints Course
In my opinion, Exocharts’ main strength is its ability to describe Order Flow and Footprints productively. Thanks to this tool, I can now add another string to my bow and round out some of my strategies to become more precise and more consistent in my technical analysis.
That’s why, on December 3, 2023, I offered you an Order Flow & Footprints webinar, specifically dedicated to this major evolution in my analysis. Today, this course is available on VOD!
Exocharts | Pricing
Exocharts offers a free version that lets you start testing the platform, but if you want to enjoy the full power of this tool, you’ll need to pay for a subscription — which is genuinely affordable.
What’s more, much like our Discord Trading Pro, Exocharts offers tiered discounts on billing every 3 or 6 months, with 12% and 23% off respectively.
As of today, I don’t have any discounts to offer you, but if you dig around a bit on your search engine, you might find some influencers offering a link to get a small extra discount.
Among the other possible tricks to negotiate a discount and become a premium user, you can always try starting an order and abandoning your cart. The goal is to hope for a follow-up with a discount, as is done elsewhere…
Price Breakdown for Monthly Billing
To spend your budget wisely on this kind of data-analysis platform, you first need to make sure the tool is actually useful to you, of course. That said, the fees Exocharts charges are fairly low once you start making real profits.
By the way, you may have noticed that this is a flat-rate plan; pricing is fixed, and the volume of data feeds you generate has no impact on your bill.
These guides stay 100% free. If you open an account on our partner exchange OKX, you help keep it that way — and you get a welcome deal.
- ✓ $400 welcome bonus on your deposit
- ✓ Low fees, deep liquidity, advanced tools
- ✓ Spot, futures and options in one place
Affiliate link. Trading involves risk of loss — never invest more than you can afford to lose.
Tools and Indicators
Compared with other platforms that added crypto markets later, Exocharts was originally designed to analyze this sector. As a result, you’ll find:
Exochart Footprint
Footprints let us spot imbalance or “jittery” zones that are likely to be filled sooner or later. The market always tends to fill this kind of imbalance…
Footprints make an excellent companion when it comes to running a technical analysis of price action. They allow ultimate precision, so footprints really come into their own when we talk about scalping and day trading.
At Captain Trading, our technical analysis starts from price action. And thanks to footprints, liquidity pools can be analyzed with precision — and that’s where it gets interesting!
You’ll also find Market Profile charts, as well as several unique indicators that track Order Flow in interesting ways, such as level 2 Order Flow.
The advantage here is that you can observe the flows with precision. It’s as if you could X-ray a Japanese candlestick; you can see precisely which orders the candles are made of.
You also get interesting indicators such as NetShorts, NetLongs, or Rekt (Liquidations).
Depth of Market (DOM)
Finally, you can read the DOM via the Price Ladder:
It’s a measure of supply and demand for liquid, tradable assets. It’s based on the number of open buy and sell orders for a given asset, such as a stock or a futures contract. Put simply, the greater the number of these orders, the “deeper” or more liquid the market is considered to be.
Of course, you’ll find the pairs offered by Bybit — but not only those, since you can now also find the stock market and the CME data.
I hope this short intro guide has been useful — and don’t hesitate to send me your feedback on Exocharts in the comments!
Every guide here is free. Browse the full course and join a community of traders who share ideas every day.