number of price changes in time period indicator

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  • 01/15/2019 at 11:20 AM #88661 quote
    Daedalus
    Participant
    Junior

    Hi

     

    Im using prorealtime with IG that does not have volume data so I was looking for an indicator that could give me an idea of how busy the market is by looking at the number of price changes over a 1 min period for example.

    During quieter periods the price should move less often compared to busy periods and this can be recorded , i’m not interested in the magnitude of the moves rather than the number of price changes as a proxy for volume.

     

    Is there any prexisting indicator that can do this or would I have to code it up?

    01/16/2019 at 11:08 AM #88760 quote
    Nicolas
    Keymaster
    Master

    Because variables are reset each time a new tick is received during the same candlestick, the best way to deal with your query is to use the tick-by-tick chart. So you’ll have another chart opened showing the count of price change during the last minute, is it a problem?

    01/16/2019 at 1:40 PM #88785 quote
    Daedalus
    Participant
    Junior

    tick charts move too fast during busy periods, I don’t have enough screen real estate for another chart either. I was looking for something like a counter that would display a single number for each 1 min candle so I could look back and if the numbers are increasing to the present candle I know volume or volatility is picking up and vice versa.

    01/16/2019 at 1:55 PM #88804 quote
    Vonasi
    Moderator
    Master
    Daedalus wrote:

    tick charts move too fast during busy periods, I don’t have enough screen real estate for another chart either.

    The only way to count trades is to count ticks on a tick by tick chart. You can’t count ticks on a minute chart. Screen real-estate should not be an issue as you can reshape and re-size the indicator and even delete the tick by tick candles chart part.

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number of price changes in time period indicator


ProBuilder: Indicators & Custom Tools

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Daedalus @daedalus Participant
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This topic contains 3 replies,
has 3 voices, and was last updated by Vonasi
7 years ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 01/15/2019
Status: Active
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