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Indicator for Tape speed or Pace of tape


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Indicator for Tape speed or Pace of tape

  #11 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
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Zenersev View Post
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)


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  #12 (permalink)
 jcgutmon 
Seville Andalucia Spain
 
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cory View Post
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

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  #13 (permalink)
 JoeyZaza 
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KelvinKing View Post
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 , 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

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