Pace of Tape - Measure Trade Intensity to Detect Reversals

[drlicks 10]

Wow you guys are amazing for trying to decode this indicator and make it work for TS. I have been wanting to find an indicator like this for some time but am a complete beginner when it comes to programming. I simply use time and sales normally, but this would make life so much easier and more efficient. Anyway, Tams are you saying that if one downloads the DLL file in this thread, that it's possible to get this to work in Tradestation? If so, what excactly would I need to do after I download the indicator? Also, any idea how this code might work for Investor RT/Linnsoft. Thanks!!!

[Tams 20]

... If so, what excactly would I need to do after I download the indicator? ...

 

the exact thing you need to do is to read the instructions.

[drlicks 10]

yikes guess i screwwwwed up spzelling exactly. my bad. thanks for the fast response

[cunparis 10]

Wow you guys are amazing for trying to decode this indicator and make it work for TS. I have been wanting to find an indicator like this for some time but am a complete beginner when it comes to programming. I simply use time and sales normally, but this would make life so much easier and more efficient. Anyway, Tams are you saying that if one downloads the DLL file in this thread, that it's possible to get this to work in Tradestation? If so, what excactly would I need to do after I download the indicator? Also, any idea how this code might work for Investor RT/Linnsoft. Thanks!!!

 

I may work on a Tradestation version since i use TS for my charting. Right now I have my PoT chart on ninja out of necessity.

 

For IRT it's not possible without coding it in C/C++ via the SDK. I need some kind of example project for Visual Studio in order to do it and so far I haven't found an example like that, just the C code which is pretty ugly.

[LS_Chad 10]

For anyone using Investor/RT or MarketDelta, you can import this chart. It uses the VB indicator to sum the ticks of last 12 bars on a 5-second chart...so it essentially gives you the trade pace (tick count) of each minute with on a 5-second moving window.

 

Images | ChartHub.com

 

[swisstrader 10]

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.

 

 

Sorry, TS from flintstone times has MINUTE timestamps for EL code commands.

Try to code TL's on tick charts ... what a blame for TS.

 

-swisstrader

[FulcrumTrader 10]

Both TS and MultiCharts have not yet done the proper work to be capable of Cumulative Delta BID/ASK differential work which needs the lower time frame resolution. We will see if these companies can at some point get it done.

 

For robust pace of tape or trade intensity capabilities, you really need to dig into the trades per minute analysis as you measure at the sub second levels. The bursts of order flow you are looking to identify jump to trades per minute levels that are well above typical intraday rates of trade (well over 4 times the normal multiday average trade rate). Obviously a 40,000 contracts per minute rate of trade in the ES is never maintained for a full 60 seconds (per minute measurement).....but that rate of trade burst may last for 1 to 3 seconds (in single or multiple waves).

 

This is actually not that hard to build for contracts per minute rates of trade, but all the signals you get is where the real work is involved (the filtering of all the various signals). I found one very robust filtering mechanism for the ES, TF, YM signals that I am getting ready to deploy, and I have found a separate filtering mechanism for most all other futures contracts (CL, DAX, ZB, TY, etc).

 

Cunparis you are doing some great work and I think you will figure out some good methods to advancing what you have built so far.

[bobpi 10]

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.

[cunparis 10]

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

[BlowFish 10]

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.

[bobpi 10]

thanks, but the link doesn't work -- IE says "your browser cannot display the web page". Any other source?

[bobpi 10]

Got it. Sorry. Sometimes IE needs to take a breather.

[BlowFish 10]

It's also worth taking note of the limitations of tradestations architecture (mentioned in this thread).

[xtksystems 10]

is this now a potential with TS 9.2?

[cunparis 10]

is this now a potential with TS 9.2?

 

I no longer have TS so I don't know, but if 9.2 has second or greater precision on the timestamps (TS 8 had 1 minute precision) then it should be possible.

 

:helloooo:

[davidfry 10]

I cannot get it to work in NinjaTrader and tried in MC but crashed. What am I doing wrong? "This application must close - exception code 0xdead1ccc" and the entire application closes. Thank you.

[Gillou 10]

Hi; did someone have 64 bits ELPerfTimer.dll ?

 

many thanks