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Pace of Tape - Measure Trade Intensity to Detect Reversals
Platform: 6.5, by cunparis cunparis is offline
Developer Last Online: Dec 2011 Show Printable Version Email this Page
Platform: Ninjatrader Rating:
Released: 05-19-2010 Last Update: Never Installs: 4
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I'd like to share something I've been working on. I'm using trade intensity to detect buying/selling exhaustion which often leads to reversals. The reversal can be a pause, a small pullback, or a full reversal. So this isn't something one can use mechanically but rather as an input into a discretionary trading method.

I measure trade intensity by the amount of trades occuring in a given time. This is equivalent to watching the time & sales for periods when the trades start scrolling really fast. I find that with this indicator I no longer have to watch time & sales.

I'd like to get some feedback on this idea and improve it. So far I have it available for Ninjatrader & Multicharts and you can look at the source code and program it for other platforms. If you do please send me a copy so that I can make it available on my blog and make it available to everyone else.

I'm attaching a chart showing a bit of how I use it. I have also created a blog page and a video which explains it in more detail.

http://www.tradewiththeflow.com/201...tape-indicator/

Thanks for looking, I hope you find it useful. And good trading to everyone!

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File Type: zip PaceOfTape NT65 v1.0.4.zip (2.4 KB, 195 views)

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Pace of Tape - Measure Trade Intensity to Detect Reversals-pace-tape-trade-intensity-example-fesx  

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The Following 6 Users Say Thank You to cunparis For This Useful Post:
*Matrix (05-21-2010), asja (05-23-2010), RobotMan (01-15-2012), sezor (03-28-2011), Tams (05-19-2010), Wallan1 (12-07-2010)

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Old 09-02-2010, 02:12 AM   #34

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Re: Pace of Tape - Measure Trade Intensity to Detect Reversals
How can i get the paceoftape code in ELD or text format? I can probably make it work in TS, at least as best as it can, and would be glad to post it if I could get the code.
Thanks.
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Old 09-02-2010, 11:12 AM   #35

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Re: Pace of Tape - Measure Trade Intensity to Detect Reversals
Quote:
Originally Posted by bobpi »
How can i get the paceoftape code in ELD or text format? I can probably make it work in TS, at least as best as it can, and would be glad to post it if I could get the code.
Thanks.
You can download the ninjatrader version & see the source, or you can download the multicharts version in text format:

Pace of Tape Indicator » Trade With The Flow
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Old 09-02-2010, 11:13 AM   #36

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Re: Pace of Tape - Measure Trade Intensity to Detect Reversals
Quote:
Originally Posted by bobpi »
How can i get the paceoftape code in ELD or text format? I can probably make it work in TS, at least as best as it can, and would be glad to post it if I could get the code.
Thanks.
Did you go through the thread from the start? Most of the discussion concerns easylanguage.
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Old 09-02-2010, 11:45 AM   #37

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Re: Pace of Tape - Measure Trade Intensity to Detect Reversals
thanks, but the link doesn't work -- IE says "your browser cannot display the web page". Any other source?
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Old 09-02-2010, 11:53 AM   #38

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Re: Pace of Tape - Measure Trade Intensity to Detect Reversals
Got it. Sorry. Sometimes IE needs to take a breather.
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Old 09-03-2010, 05:06 AM   #39

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Re: Pace of Tape - Measure Trade Intensity to Detect Reversals
It's also worth taking note of the limitations of tradestations architecture (mentioned in this thread).
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