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Does anyone have any indicators they are currently using or can recommend for reading the tape speed or "pace"? I know, I'm currently already reading the ladder, but when looking at 5 ladders simultaneously, sometimes I need a bit of graphical assistance, I'm not at the level of Rain Man yet.
This indicator will show the # of ticks in the last x seconds. At key turning points, professionals will start scaling in and/or reversing. This will cause an increase in the activity in terms of the number of ticks.
When you get a peak, the reversal …
"You don't need a weatherman to know which way the wind blows..."
pace of tape as a counter trend indicator
#1, there are trend and counter trend trades
#2, counter trend after some back and forth
#3, counter trend and trend bends
What to do with those observations?
draw S/R blocks from those spots to the right and speculate accordingly