Here is my conversion of the original PaceOfTape indicator for NT 8.0. 16.1.
The original NT7 indicator created by cunparis measures trade intensity by measuring the number of trades in a given number of seconds. A high trade intensity often marks turning points in the market.
Please see original author's notes on interpretation of this indicator in the 1st post of the following thread:
https://forum.ninjatrader.com/forum/ninjascript-file-sharing/ninjascript-file-sharing-discussion/30661-measuring-trade-intensity-with-the-free-pace-of-tape-indicator#post30661
Cheers!
aligator
| Created By | aligator |
| NinjaTrader Version | 8 |
| File Size | 2.5 KB |
| Create Date | 03/19/2024 |
| # of Downloads | 2241 |
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