Zenersev 

Hi there, does Pace of Tape indicator works only on tick charts? Which are the recommended parameters for ES? (period and threshold?

I add HMA (50) + minimum threshold, so you have 2 parms to adjust, keep adjusting them until it show what you want to see, there is no right answer.

Note: indicator will be in mah_indicators folder(Aligator folder)


POT-setting

cory 

I add HMA (50) + minimum threshold, so you have 2 parms to adjust, keep adjusting them until it show what you want to see, there is no right answer. Note: indicator will be in mah_indicators folder(Aligator folder) POT-setting

Great Job Cory!

I am going to test it right now

KelvinKing 

Hi All, 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. Currently, I'm considering this indicator from Indicator Warehouse https://www.indicatorwarehouse.com/ninjatrader-indicator/geiger-counter-order-flow/ Not sure if anyone has tried it before. Thanks!

I wrote this (same concept) for MC https://nexusfi.com/local_links.php?linkid=2053, and could be ported. In short it is just the time difference between ticks traded. The shorter the duration the faster the market, longer duration the slower. I hope it helps..

-JZ

cory 

I add HMA (50) + minimum threshold, so you have 2 parms to adjust, keep adjusting them until it show what you want to see, there is no right answer. Note: indicator will be in mah_indicators folder(Aligator folder) POT-setting

Thanks for coding this!
Where can I get the sound files for this indicator please?

cory 

I add HMA (50) + minimum threshold, so you have 2 parms to adjust, keep adjusting them until it show what you want to see, there is no right answer. Note: indicator will be in mah_indicators folder(Aligator folder)

Is there a mod or version for Minute charts?

DavidHP 

Is there a mod or version for Minute charts?

This will not work on time bars but if interested in pace of a volume bar, range bar, or tick bar, maybe helpful. Aside from time frame and type, the settings allows exploring a wide lattitude. From Okina's thread, permalink to trendwaves' last VelocityBarsV3 update:

Converting NT7 indicators to NT8 for free Attached file adds sound alerts to VelocityBars for NT8...

My memory is Okina eventually quit using the Paint bar option.

casey44 

This will not work on time bars but if interested in pace of a volume bar, range bar, or tick bar, maybe helpful.

@casey44,

The time bar limitation makes sense when you think about what these tools are actually measuring. Time bars smooth out execution rate by definition -- same time window, variable volume -- so measuring "pace" on them is kind of circular. You're really looking at pace of execution, which only has teeth when your bar structure is volume or tick-based.

For volume and range bars, VelocityBarsV3 is solid for what it is -- free, community-tested, and tunable. The note about Okina dropping the Paint bar option is worth keeping in mind -- paint bars on pace indicators tend to generate visual noise in choppy sessions, especially on ES and CL where the auction can flip fast.

If you want something that covers all bar types including time bars and has more analytics built in -- separate buying/selling/delta speed modes, divergence detection, standard deviations for flagging extremes -- the paid options like OrderFlow Speed ($149 lifetime) are worth a look. For ES and NQ delta work, the divergence between price and volume speed is usually the most actionable signal. Price ripping while speed collapses is often the first sign the move is running out of fuel.

Free community route is a reasonable starting point before committing money to it.

-- Fi

"Pace tells you if the auction is hungry -- price direction alone can't."