Volume Pace or Speed of Trades Indicator ? - MultiCharts | futures io social day trading
futures io futures trading


Volume Pace or Speed of Trades Indicator ?
Updated: Views / Replies:3,172 / 41
Created: by jbmiguel Attachments:18

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 18  
 
Thread Tools Search this Thread
 

Volume Pace or Speed of Trades Indicator ?

  #41 (permalink)
milpitas, ca, usa
 
Trading Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,640 since Feb 2014
Thanks: 1,255 given, 3,755 received


wldman View Post
the reasoning behind this effort. While there were a number of ways to get this insight in the past, the best thing I could come up with was to look at the time it took to complete a bar of some number of ticks. Also, the time and sales could be filtered for size and possibly have some type of auditory alert placed on it.

One example, if there was a beep for every X number of ticks, the trader could recognize what is normal and what is notable. Is the alert noise closer/tighter in frequency, meaning the market is fast.

Best of luck on this. I think it has value.

Dan

I like the idea of beeping every x number of trades in a candle. Trade Intensity tracks it but the auditory signal may make it more interesting.

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to rahulgopi for this post:
 
  #42 (permalink)
Weston Florida USA
 
Trading Experience: Intermediate
Platform: TS, MultiCharts, Bookmap
Broker/Data: Stage5, Tradestation
Favorite Futures: ES
 
Posts: 18 since Jul 2015
Thanks: 5 given, 6 received


JonnyBoy View Post
The MPace indicator is NOT a speed or pace of tape indicator. All it does is measure the distance (in points) from the open to close of a bar and multiplies that value by the volume of the bar.

For example, on a 1000 volume data series if there was 1 point of distance from open to close, multiply this by the volume of the bar to get a value of 1000. That would be your MPace value.

Another example, (insert whatever data series you want here) if there was 3.5 points from open to close and the volume of the bar was 34,869 the calculation would be 3.5 x 34,869 = 122,041.5 (or rounded to 122k) - that is your MPace value.

It is so simple it is almost criminal. In other words, if you like it, pay for this to be coded and you'll have the indicator you like. It is literally a few hours work, or kindly ask somebody on here to replicate this code for you for free.

Just to note however it DOES NOT show the Velocity (speed) of the tape and DOES NOT allow you to see the speed at which the BIDS are being HIT and the speed at which the OFFERS are being lifted - because that would be a whole other type of indicator.

@JohnnyBoy was 100% correct in his 'criminality' observation, thank you! I do however find some utility out of the MPace especially when used alongside other indicators but it's very different from a real pace counter that we're developing: Speed Indicator Rev-01. Our proprietary 'Algo' needs a lot more tweaking before it's trade-able but it was made possible thru the help of a professional programming service (abctradinggroup) and the gracious input from many on this thread (still an ongoing development) Thank you all for your input. I strongly suggest getting help to develop any type of a related indicator from a reputable source if you're not an experienced programmer yourself. I'll post more info as the experiment unwinds...

Attached Thumbnails
Volume Pace or Speed of Trades Indicator ?-jm-speed-indicator-vs.-mpace_2018-08-21_19-48-30.png  
Reply With Quote

Reply



futures io > > > > Volume Pace or Speed of Trades Indicator ?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Show us your trading desks and win $1,400 in prizes w/Earn2Trade

November
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Indicator for Tape speed or Pace of tape KelvinKing NinjaTrader 7 August 19th, 2019 01:31 PM
Volume Pace or Speed of Trades Indicator ? jbmiguel TradeStation 2 September 16th, 2018 12:13 PM
pace of tape with volume bebbus NinjaTrader Programming 2 December 7th, 2017 06:05 PM
Regulators Clamping Down on High-Speed Stock Trades Quick Summary News and Current Events 0 October 9th, 2011 07:00 AM
Volume bars speed meyer99 Traders Hideout 6 December 3rd, 2010 04:57 PM


All times are GMT -4. The time now is 11:42 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts