It does appear that pasting images is not supported in all browsers. We will look into this. I am using Firefox and it works in Firefox but does not seem to work for Chrome or IE.
just tried from Firefox and did not work either. Oh well. I suppose when the setting on Volume Breakdown is Ask Traded vs Bid Traded / Trades and the Result is in Total Trades/Ticks, I should not be coloring the histogram, as the colors will be meaningless?
Here is a somewhat simplified approach to computing the pace of tape - taking the inverse of the time it takes to complete each bar (from 1st tick of bar to last tick of bar).
The numerator is a constant and is under the users control using the Numerator button at top of chart (100).
The denominator is a moving average of the time (in seconds) it takes to complete each bar. Currently set to 5 but change to 1 to use the raw time of each bar as bar. With Avg set to 5, it will be taking the time of last 5 bars into consideration. So the RTL for the custom indicator is simply...
C#2 / MA
Where C#2 is controlled by the Numerator button and MA is setup as "Simple C#1-Period of Time (Secs)" with C#1 controlled by the Avg button. So with C#2 set to 100 and C#1 set to 5 you essentially have...
I was just reviewing this topic, and I believe Nobs said that the Pace of Trade is measuring stacked imbalances, or when a sweep of the book occurs. Is there a way to chart this?
Images: https://twitter.com/NOBStrades/status/988106471744425984
The chart below gives you the Trades/Sec and Volume/Sec of each bar. You'll see that those are often skewed by one very quick (high volume) bar. To help smooth that out, I've taken the LOG of the values in the bottom 2 panes. If needed, we could smooth these values out over some period of time (last 10 bars, last 10 minutes, cumulative for session, etc).
I also wrote you on twitter about this, but you told me to make a forum thread about it, so i thought i would post it here, since it makes sense.
I would like to display the speed of the tape, and see the speed at which the BIDS are being HIT and the speed at which the OFFERS are being lifted.
But to be able to use this, i dont just want the trades/second, i need the acceleration of the move, to be able to get something useful out of it.
I have attached two screenshots that displays it, but i don't know how the do it sadly. I guess the calculation should compare to a regular speed, and therefore display the "change of speed" and not the "speed". Does that make sense?
That information should then be displayed as on the images, with a red stick if the acceleration happens to the downside, and green stick if it goes to the upside.
So it seems to me that they are simply taking the buy trades (trades at offer) and subtracting the sell trades (at bid) and it that result is negative (more selling) they just make it a positive number with a different color (red). Import this chart and let me know if it gives you something similar to what the other program is producing.
Using Opera Browser, but just tried IE and it did not work either. I was trying to paste it in the body of the message.
It does appear that pasting images is not supported in all browsers. We will look into this. I am using Firefox and it works in Firefox but does not seem to work for Chrome or IE.
just tried from Firefox and did not work either. Oh well. I suppose when the setting on Volume Breakdown is Ask Traded vs Bid Traded / Trades and the Result is in Total Trades/Ticks, I should not be coloring the histogram, as the colors will be meaningless?
Here is a somewhat simplified approach to computing the pace of tape - taking the inverse of the time it takes to complete each bar (from 1st tick of bar to last tick of bar).
The numerator is a constant and is under the users control using the Numerator button at top of chart (100).
The denominator is a moving average of the time (in seconds) it takes to complete each bar. Currently set to 5 but change to 1 to use the raw time of each bar as bar. With Avg set to 5, it will be taking the time of last 5 bars into consideration. So the RTL for the custom indicator is simply...
C#2 / MA
Where C#2 is controlled by the Numerator button and MA is setup as "Simple C#1-Period of Time (Secs)" with C#1 controlled by the Avg button. So with C#2 set to 100 and C#1 set to 5 you essentially have...
100 / MA(Time, 5)
Chart Definition: https://www.linnsoft.com/charts/pot-inverseoftime-es
I was just reviewing this topic, and I believe Nobs said that the Pace of Trade is measuring stacked imbalances, or when a sweep of the book occurs. Is there a way to chart this?
Images:
https://twitter.com/NOBStrades/status/988106471744425984
https://twitter.com/NOBStrades/status/988112289176879104
We can start with this chart > https://www.linnsoft.com/charts/stackedimbalances-es
It highlights stacked buy imbalance in blue, and stacked red imbalance in pink. Is that what we're looking for?
Yes, I think the general concept is the measure the speed at which the imbalances are occuring, or the speed at which bids are being lifted.
Here is a write up:
https://mboxwave.com/mpace-indicator
The chart below gives you the Trades/Sec and Volume/Sec of each bar. You'll see that those are often skewed by one very quick (high volume) bar. To help smooth that out, I've taken the LOG of the values in the bottom 2 panes. If needed, we could smooth these values out over some period of time (last 10 bars, last 10 minutes, cumulative for session, etc).
Chart Definition > https://www.linnsoft.com/charts/volatilitypertime-es
Hey Chad!
I also wrote you on twitter about this, but you told me to make a forum thread about it, so i thought i would post it here, since it makes sense.
I would like to display the speed of the tape, and see the speed at which the BIDS are being HIT and the speed at which the OFFERS are being lifted.
But to be able to use this, i dont just want the trades/second, i need the acceleration of the move, to be able to get something useful out of it.
I have attached two screenshots that displays it, but i don't know how the do it sadly. I guess the calculation should compare to a regular speed, and therefore display the "change of speed" and not the "speed". Does that make sense?
That information should then be displayed as on the images, with a red stick if the acceleration happens to the downside, and green stick if it goes to the upside.
I hope we can figure this out.
So it seems to me that they are simply taking the buy trades (trades at offer) and subtracting the sell trades (at bid) and it that result is negative (more selling) they just make it a positive number with a different color (red). Import this chart and let me know if it gives you something similar to what the other program is producing.
https://www.linnsoft.com/charts/deltaoftradespos-es
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