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Indicator to show average tick size
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Indicator to show average tick size

  #1 (permalink)
Just starting out...
Playa Hermosa, Costa Rica
 
Futures Experience: Advanced
Platform: NT+Kinetick, IB, Instaquote, ToS
Favorite Futures: ES
 
Posts: 2 since Dec 2010
Thanks: 1 given, 0 received

Indicator to show average tick size

I trade the ES using several different tick charts. I am hoping to find (or have created) and indicator that will show me the average trade size for each tick bar. To be more clear, most of my trades are taken from price action on a 3500Tick chart. Is there an indicator available that will show me average trade size of the 3500 trades that make up that bar?

I have no programming skills whatsoever so I dont even know if such a thing is possible. It seem that it would be since I have true Time and Sales data using Kinetick+NT.

Thank you for any insight you may be able to provide.

Cheers.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
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JamesBahn View Post
I trade the ES using several different tick charts. I am hoping to find (or have created) and indicator that will show me the average trade size for each tick bar. To be more clear, most of my trades are taken from price action on a 3500Tick chart. Is there an indicator available that will show me average trade size of the 3500 trades that make up that bar?

I have no programming skills whatsoever so I dont even know if such a thing is possible. It seem that it would be since I have true Time and Sales data using Kinetick+NT.

Thank you for any insight you may be able to provide.

Cheers.

The average trade size for a 3,500 tick bar would be the total volume of the bar divided by 3,500. The 3,500 does not change from one bar to the next, so it is sufficient, if you put just a volume indicator on your tick chart.

If you want, you can also modify the volume indicator by dividing the total volume by the number of Ticks, just change the code of the volume indicator from

 
Code
Value.Set(Volume[0]);
to

 
Code
Value Set(Volume[0]/BarsPeriod.Value);
save under a new name and compile via F5. It should now display the average volume per tick. Not tested.

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  #4 (permalink)
Just starting out...
Playa Hermosa, Costa Rica
 
Futures Experience: Advanced
Platform: NT+Kinetick, IB, Instaquote, ToS
Favorite Futures: ES
 
Posts: 2 since Dec 2010
Thanks: 1 given, 0 received

Thanks. I figured it was that simple, but I know absolutely nothing about how to read/write code.

Cheers!

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