Speed Of Tape
This indicator displays speed of tape.
Indicator view on the chart.
*Note! When setup for the first time, the indicator has the settings by default, and those settings are not suitable for all instruments and time-frames, thus it has to be attuned.
To add and setup the following indicator, open the Indicators Setup window.
Speed of Tape indicator settings:
Сolor – the main color of the indicator (speeds that do not exceed the filter values).
Line Width – width of the moving average line.
Max Speed Color – color used to highlight the bars, which exceed the filter values.
Paint Bars – turn on/off the option of painting the bars/candles.
SMA Color – color setup of the moving average in the indicator.
Auto Filter Period – averaging period for automatic calculation of the filtration (only works when Auto Filter is enabled).
AutoFilter – turn on/off the automatic calculation of the filtration (recommended for beginners).
Calculation Mode – 5 modes are available:
Time filter, sec – period of time, for which the amount of executed trades is calculated, to determine the speed of prints (trading activity).
Trades Filter – minimum quantity of the trades required to highlight the trades for the Time filter period.
Show Legend – display the names in the indicator panel.
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