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Pace of Tape
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Pace of Tape

 
Just starting out...
Toronto
 
Trading Experience: Master
Platform: NT
Favorite Futures: CL
 
Posts: 1 since May 2011
Thanks: 0 given, 0 received

Pace of Tape

Hi all,

I have seen the Pace of tape indicator in the download section, and I am a big fan. I also like the Pace of tape indicator I have seen used by School of trade. Despite the many criticisms of school of trade I happen to quite like his pace of tape indicator and I am hoping to build one similar to it. His algorithm seems to be quite good, and slightly different from cunparis' version (which is also excellent). I have no experience scripting in ninja and I was wondering if you guys might be able to help me get started. Results and versions will be posted on this forum obviously making it a for us by us tool. So, experts lay it one me. Thanks.




Preliminary thoughts:

Method 1: Perhaps a threshold number for average ticks in any 10 second period can be gathered from historical data, and used as a benchmark to compare number of ticks in the current 10 second period. if I can figure out a way to program ninja to count ticks in 10 second bars. Moving averages and smoothing can be applied to the end series to give an indication of speed in an organized colored barchart output.

Method 2: Comparing times between ticks. This method seems less likely to work as during fast markets the same time stamp will appear on many trades. It would also be taxing computationally.

 
 
Elite Member
maple, ontario, canada
 
Trading Experience: Intermediate
Platform: ninjatrader
Favorite Futures: YM
 
camsolution's Avatar
 
Posts: 14 since Nov 2010
Thanks: 22 given, 3 received

pace of tape

Just wondering I am looking for a pace of tape indicator didn't find one in downloads. Do you know if its still there...

 
 
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,973 since Jun 2009
Thanks: 29,955 given, 87,220 received



camsolution View Post
Just wondering I am looking for a pace of tape indicator didn't find one in downloads. Do you know if its still there...

Yes, in downloads, found by searching "pace of tape".

View Download Details - Big Mike's Trading Forum

Mike

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Elite Member
maple, ontario, canada
 
Trading Experience: Intermediate
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camsolution's Avatar
 
Posts: 14 since Nov 2010
Thanks: 22 given, 3 received

thanks

Thanks Big Mike, I thought I searched for that.....



Big Mike View Post
Yes, in downloads, found by searching "pace of tape".

View Download Details - Big Mike's Trading Forum

Mike


 
 
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,973 since Jun 2009
Thanks: 29,955 given, 87,220 received


camsolution View Post
Thanks Big Mike, I thought I searched for that.....

It was on page 2, maybe you didn't click the next page.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
 
Elite Member
Preacott AZ USA
 
Trading Experience: Master
Platform: NinjaTrader,MT4
Favorite Futures: Futures,eur/usd,gbp/usd
 
Posts: 1 since Mar 2011
Thanks: 0 given, 1 received

Dwayne21

This is my first post not sure if I am doing this right but here is my question. Using the Pace of Tape. Does anyone know why the Pot High and Pot Low would split on the same candle. The tic is set to 400, High Pot is set to 800 , 30 sec. The histogram will show both High and Low as being true, so the histogram is split in half for that candle and it will not paint the candle based on hitting the high Pot.

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Pace of Tape-not-painted.jpg  
The following user says Thank You to dwayne21 for this post:
 
 
Elite Member
Ireland
 
Trading Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
Posts: 120 since Jul 2012
Thanks: 88 given, 53 received

Anyone know if the pace of tape works on NT7 with the fdax?
Thanks..

 
 
Elite Member
Brisbane, Queensland, Australia
 
Trading Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
Favorite Futures: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 509 since Feb 2012
Thanks: 429 given, 515 received

Works fine on my FDAX!


 



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amp, average, barchart, benchmarking, data, dow, fdax, futures, histogram, historical data, indicator, indicators, ninja, ninjatrader, nt7, school of trade, scripting, size, split, trading

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