Pace of Tape
Detects instances that exhibit a sudden increase in trade execution activity commonly referred to as Pace of Tape. With the option to trigger an audio alert when the pace crosses a specific threshold
Settings
Interval Seconds >= X: This is the interval which the addon will collect trades, in this case every 1 second
Average Minutes >= X: The addon will calculate the Average number of trades based on every interval for 1 minute
Alert POT >= X: This will alert a sound when the number of trades in an interval is higher than X
POT Color: Bookmap Indicator Color for POT line
POT Avg Color: Bookmap Indicator Color for Avg Line
Sample settings for ES which should give a good starting point
Interval Seconds: 1
Avg Minutes: 1
Enable SoundDependinng on your market liquidity you have to adjust the parameters
Indicator on Heatmap
Demo video on ES
Last modified June 9, 2021