TimeSpan Indicator

TMTickTimeSpan Indicator

Calculates average and last time between every individual trade to get an idea of the market pace.
Smaller values  -> more trades / time. Real time indicator.
Check PVActivityMeter as well!

Parameters (Default):

• Period (14): Just calculates SMA of the averages from bars.

Plots : All represent seconds

• AverageOfBars: SMA of next ->
• BarAverageTime: Average of time spans (seconds) during that bar.
• LastTime: Last traded time difference to previous one.
• MaxTime: Max time during that bar, you might want to set that to Transparent Color.

 

Purchase (PriceGroup 1)

Download: PVTickTimeSpan_NT7.zip

Misc:

Example from DAX, low hit at 14:00 and much more activity immediately.
Wait at least two bars to get reasonable average as first bar not necessarily full.

There must be even better way to show the pace of the market, any ideas? Let me know so that can be implemented, like  1/(delta timespan) ? 

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could  potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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