Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

cunparis

Pace of Tape - Measure Trade Intensity to Detect Reversals

Recommended Posts

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!!!

Share this post


Link to post
Share on other sites
... 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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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

 

TradePace_2.png

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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:

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.