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Tape Speed Indicator V1.0 for ToS

This indicator measures exceptional ticker tape speed.

When "tape speed" is up, it can signal potential turnaround points (as the big guys load or unload), or sometimes the reinforcement of a trend as more people jump in.

The current version of this indicator will only work on tick charts and will not function properly on time based charts.

Let me know if you have questions.

-Jeff

Category ThinkOrSwim

Details: Tape Speed Indicator V1.0 for ToS
Category: ThinkOrSwim

October 25th, 2016
Size: 1.12 KB
Downloaded: 585 times

Comments/ratings

Cerberus October 26th, 2016 02:13 PM

No Comment

optiontarget December 10th, 2016 04:18 AM

thanks

optiontarget December 10th, 2016 04:20 AM

thanks jeffro , can you explain more for this indicator ( top speed ), what is the best for using

kvj2020 January 13th, 2017 08:48 AM

Great, but prints one bar too late. Fix by replacing existing line with: def tsrw = (1 / (tdiff[0] - tdiff[-1])) * 100;

fishtrade November 20th, 2022 08:35 PM

Thanks