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!

[cunparis]

Here is the source for multicharts done by Richard. I don't have multicharts so if someone can make an indicator out of it and upload it that would be great.

[hunter1]

here it is in mc. could not get it to verify in TS perhaps someone could help with that? the term " time_s " was not recognized.

[Tams]

Originally Posted by hunter1 »

here it is in mc. could not get it to compile in TS perhaps someone could help with that?

not everyone has a crystal ball
you have to post the error message if you expect someone to help

[cunparis]

Originally Posted by hunter1 »

here it is in mc. could not get it to verify in TS perhaps someone could help with that? the term " time_s " was not recognized.

I don't believe it will work in TS, or at least I don't believe it will be accurate, because TS only has 1 second resolution on the bars.

Thanks for the MC binary file.

[Tams]

Originally Posted by hunter1 »

here it is in mc. could not get it to verify in TS perhaps someone could help with that? the term " time_s " was not recognized.

that's a MultiCharts exclusive keyword.

[zdo]

Originally Posted by cunparis »

I don't believe it will work in TS, or at least I don't believe it will be accurate, because TS only has 1 second resolution on the bars.

.

... gotta scoot...quick idea...implement with ELTic and ELToc dll's in TS?

[BlowFish]

Originally Posted by zdo »

... gotta scoot...quick idea...implement with ELTic and ELToc dll's in TS?

Can you point me in the right direction? googling a couple of obvious permutations returned nothing.