Measuring trade intensity with the free Pace of Tape indicator

[NinjaTrader_Jim]

aligator,

I had a look on the User App Share and I did not see the indicator there. I am not sure how this was shared previously on the forums where it did not make it to the User App Share.

If you still have it on your system, would you mind uploading it again?

[TheWaves]

PaceOfTapeNT8.zip

Here is my conversion of the original PaceOfTape indicator for NT 8.0. 16.1.

It is Free! (a 10 min effort)

Cheers!

When I click on it I get Invalid File Specified.

[Dan_C]

I cant tell from your chart with no information, could you post a screenshot of drop down list of parameters. Perhaps you need to change the threshold value. This variable is very different for different contracts and time frames. Also, maybe both plots have the same color, if so change one of the colors.

OK. I'll try it out and tweak the settings around . . . . Thank you.

[jrp2099]

Hello All,

Does anyone have the zip file for the Pace of Tape Indicator that was originally posted by Aligator in post #11 and #15. The link in #11 is invalid and there's no link in #15. Aligator if you are on this thread, please re-post. Thanks!!

[aligator]

I managed to download this indicator for NT8 (with great thanks !!!) . . . However, I can't seem to figure out how to change the colour when the indicator shows a spike (above 100 as I had entered) ?? Please help.

I cant tell from your chart with no information, could you post a screenshot of drop down list of parameters. Perhaps you need to change the threshold value. This variable is very different for different contracts and time frames. Also, maybe both plots have the same color, if so change one of the colors.

[Dan_C]

PaceOfTapeNT8.zip

Here is my conversion of the original PaceOfTape indicator for NT 8.0. 16.1.

It is Free! (a 10 min effort)

Cheers!

I managed to download this indicator for NT8 (with great thanks !!!) . . . However, I can't seem to figure out how to change the colour when the indicator shows a spike (above 100 as I had entered) ?? Please help.

[aligator]

Hi, was the NT8 indicator ever attached to any of these posts?

For the NT8 BarTimes indicator see the following link, if that is what you are asking for:

https://ninjatraderecosystem.com/use.../nt8-bartimes/

[PN720]

Hi, was the NT8 indicator ever attached to any of these posts?

[aligator]

Thanks for the suggestion. I tried that one but it's for plotting time duration of bars. I'm trying to find something that shows current speed of price movement (velocity), like a radar gun and gives rate of speed. There are some paid indicators that many do it but it's source code is probably in a dll file that can't be modified.

OK, now things are getting confusing. You asked for "I'm trying to find something that shows current speed of price movement (velocity), like a radar gun and gives rate of speed."

Radar gun measures velocity(m/s), but rate of speed is acceleration. You get a ticket for speeding not for accelerating from 0 to 5 miles per hours. Regardless, this indicator essentially gives you what you need. Here is why:

For example, on a 100 tick charts the indicator measures the "time to complete" a 100 tick bar in seconds, i.e., 5 seconds. So your average velocity of that bar is 100/5 = 20 ticks per second. If you want to plot the bar "velocity" then plot the ratio of bar size in ticks to the "time to complete." Now, because every bar on the chart is 100 ticks, a plot of the "velocity" will visually looks exactly the same (actually inverted) as the plot for "time to complete" the bar, except on a different scale by a constant factor.

So, this indicator is a good representation of the bar velocity.

Perhaps if you provide actual examples, charts, or references to "some paid indicators that many do it" or what you have seen elsewhere it would be easier for someone to code a different indicator.

Finally, if this is important to you and you "don't believe it would be hard to code" then editing an existing NT8 indicator to do what you want is not a difficult task, just needs a little effort to learn simple cut and paste without being a programmer.

Cheers!

[jack98765]

Yes, there are many custom indicators that if you do a search you will find them under the User Apps Downloads. Here is the BarTimes indicator that times the formation of a bar and can be downloaded here:

https://ninjatraderecosystem.com/use.../nt8-bartimes/

Thanks for the suggestion. I tried that one but it's for plotting time duration of bars. I'm trying to find something that shows current speed of price movement (velocity), like a radar gun and gives rate of speed. There are some paid indicators that many do it but it's source code is probably in a dll file that can't be modified.

[aligator]

Okay I see it now, thank you. I either overlooked it the first time or it wasn't showing up. It's still not quite what i'm looking for though. Do you know of an indicator that measures current tick movement in either direction per seconds/minutes (I mean that as price movement speed)? I can't find anything that does this and don't believe it would be hard to code, I'm just not familiar enough with C#.

Yes, there are many custom indicators that if you do a search you will find them under the User Apps Downloads. Here is the BarTimes indicator that times the formation of a bar and can be downloaded here:

https://ninjatraderecosystem.com/user-app-share-download/nt8-bartimes/

[jack98765]

The indicator has been slightly modified for the sound file. However, the original logic remains the same as coded by cunparis. The ZIP files in either Post #11 and #15 are correct. Remove the older version and download/install this new version.

Okay I see it now, thank you. I either overlooked it the first time or it wasn't showing up. It's still not quite what i'm looking for though. Do you know of an indicator that measures current tick movement in either direction per seconds/minutes (I mean that as price movement speed)? I can't find anything that does this and don't believe it would be hard to code, I'm just not familiar enough with C#.

[aligator]

Calculate = Calculate.OnEachTick;

protected override void OnBarUpdate()
{
int pace = 0;
int i = 0;
while(i < CurrentBar)
{
TimeSpan ts = Time[0] - Time[i];
if (ts.TotalSeconds < period)
pace += Bars.BarsPeriod.Value;

else break; ++i;
}

on every tick, when OBU is called, you loop thru all historical bars until the current bar, and measure seconds between bars, compared to some arbitrary value you set (30)?

it must be halloween, bcuz this is very scary, lol

Thanks. Agree, it certainly can be improved for resource efficiency. I simply converted the indicator to NT8 and maintained the original logic as coded by cunparis. Any less "scary" alternative script suggestion?

Cheers!

[aligator]

Do you still have this zip file? It's missing from this forum. Thank you

The indicator has been slightly modified for the sound file. However, the original logic remains the same as coded by cunparis. The ZIP files in either Post #11 and #15 are correct. Remove the older version and download/install this new version.

[jack98765]

Here is my conversion of the original PaceOfTape indicator for NT 8.0. 16.1.

It is Free! (a 10 min effort)

Cheers!

Do you still have this zip file? It's missing from this forum. Thank you