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Date/Time: Fri, 29 Mar 2024 05:53:58 +0000



Post From: Trade Intensity/Pace of Tape indicator for SierraChart?

[2013-04-07 19:59:27]
Sawtooth - Posts: 3952
My suggestion at the link in post#2 was only an attempt to emulate the pic of the original poster. It only measures the # of trades per bar, then applies an MA to it to create a threshold for an alert/color. Admittedly, it's not very sophisticated.

There is a close (but not exact) correlation between volume and # of trades, so histograms of each will look similar.