INVITE-ONLY SCRIPT
Tape Speed
Updated
Choose a long term averaging period (minutes) and a short term averaging period (seconds)
The indicator will begin loading ticks for the duration of the specified longer term averaging period.
ex: If the indicator is set to have a long term average of 10min, you must run the indicator for 10min first for it to begin its averaging process.
When the required duration of ticks have loaded, it will display the average time elapsed between each tick during that time.
It will also continue to read incoming ticks and calculate new averages once the initial load is finished.
The longer term average is displayed as a static red horizontal bar, the entire speedomter gauge, and the value is also explicitly stated in the top right corner with the table.
The blue bar, the needle, and the bottom row of the table are all representations of the shorter term period's average time between ticks.
The shorter term average is compared against the longer term average to determine whether the short term incoming orders are coming in more aggressively/less aggressively or normally compared to the longer period's average.
___________________________________________________________
Thanks to user rumpypumpydumpy for giving me permission to use his semicircle logic from his "Speedometer Toolbox" to display my own data.
The indicator will begin loading ticks for the duration of the specified longer term averaging period.
ex: If the indicator is set to have a long term average of 10min, you must run the indicator for 10min first for it to begin its averaging process.
When the required duration of ticks have loaded, it will display the average time elapsed between each tick during that time.
It will also continue to read incoming ticks and calculate new averages once the initial load is finished.
The longer term average is displayed as a static red horizontal bar, the entire speedomter gauge, and the value is also explicitly stated in the top right corner with the table.
The blue bar, the needle, and the bottom row of the table are all representations of the shorter term period's average time between ticks.
The shorter term average is compared against the longer term average to determine whether the short term incoming orders are coming in more aggressively/less aggressively or normally compared to the longer period's average.
___________________________________________________________
Thanks to user rumpypumpydumpy for giving me permission to use his semicircle logic from his "Speedometer Toolbox" to display my own data.
Release Notes
.Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Chonky_ for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″DM me to beta test if you are familiar with Tape Speed/Pace of Tape from other platforms and use it often. I am looking for suggestions/improvements and need feedback.
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Warning: please read before requesting access.
Disclaimer
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