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Date/Time: Sun, 12 May 2024 16:22:41 +0000

Post From: Ticks per second

[2023-12-25 21:46:32] Link To Thread - Link To Post [Go To First Post]
BenjFlame - Posts: 305
This would be doable with acsil but would be moderately complex: - Have a chart based on 1 trade per bar. Loop over bars, and count each bar where either OHLC > OHLC of previous bar (since O=H=L=C in 1 trade bar). Store that in persistant variable (and stored in a subgaph) reset at each 1 second interval. This is your true uptick count. Same for OHLC < OHLC. This would be your true downtick count. This could be charted as 2 lines accumulating downtick / uptick and reset at each second. More useful representation: instead of resetting at each second, we could reset at more meaningful time interval, like 10 seconds, and only display delta of uptick minus downtick as single bar, like a strength meter of ticks within the latest 10 seconds. A sliding version could also be made so it would not reset at each 10 second interval but continuously calculates tick delta form latest 10 seconds. Would that be more useful than volume, trades delta? Impossible to tell. Never saw this and cannot know until seeing it, if it meaningfully represents price momentum and shifts. After all, the price bar is already the result of those tick flows. Date Time Of Last Edit: 2023-12-25 21:55:23