EasyLanguage Indicator -- How Long (in Min) 1500 Tick Bar Took to Complete

[Frank 10]

I am trying to create something similar to Average True Range... but instead of range it would compare ticks to time. ie, the last 14 tick bars took on average XX minutes.... it would use the time stamps of the bars and the number of bars.... doesn't 'seem' like this would be too hard -- but I don't know how to do such code...

 

can anyone help out?

[sevensa 10]

I am trying to create something similar to Average True Range... but instead of range it would compare ticks to time. ie, the last 14 tick bars took on average XX minutes.... it would use the time stamps of the bars and the number of bars.... doesn't 'seem' like this would be too hard -- but I don't know how to do such code...

 

can anyone help out?

 

You can use this is a starting point.

 

http://www.traderslaboratory.com/forums/f46/time-per-bar-1465.html

[Frank 10]

thanks,

 

someone sent me this fyi which seems to work for me:

 

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if (BarType = 0) then begin { tick bars }

if date = date[1] then begin

value1 = (TimeToMinutes(time)-TimeToMinutes(time[1]));

 

if value1<=15 then plot1(value1,"tick time");

if value1>15 then plot2(15,"15");

plot3(5,"5");

end;

end;

 

 

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note, it maxes out for 15 minutes so that the chart doesn't skew entirely for globex session --- ie, it might take hours to complete a tick bar

 

btw, I was trying to target a 5-minute chart on ticks just as a benchmark to gauge 'activity' -- in terms of are ticks acting unusualy vs a 5-minute 'benchmark'...

Edited January 28, 2009 by Frank

[trader273 10]

I was just wondering you got this to sill work on OEC, i know this thread is a little old so dont know if you are even using anything like this anymore. Anyways, it doesnt seem to be working for me (on both volume and tick charts) . The attached screen shot shows 1,000 volume chart. Seems to be taking a cumulative calculation or something like that.

 

Any ideas?