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Date/Time: Thu, 28 Nov 2024 10:42:34 +0000



Post From: Speed of market

[2021-12-03 12:21:59]
Luchs - Posts: 21
I have realised, that the speed of the market is a very important factor in my trading strategy. Because: Once the market goes too fast, normally I stay out.

One could say, it is easy to recognize on the chart or in the T&S. But in some circumstances speed is quite subjective. And it depends also on the timeframe.

I'd like to have kind of an indicator, which shows me the speed (contracts by time/by price) as an objective value. And as a line with and MA so that I can follow the change over time. Or set alarms on specific levels.

I've seen the indicator T&S: Speed Trades (Histogram) by Zyp. I am sure, this indicator has it's advantages if used the right way, but it doesn't work that well with Renko chart. It blinks and moves and makes me nervous and brings no information at all.

Is there any other indicator or other easy way that can provide me with that information?