The "Speed of Tape" is an indicator designed to monitor the intensity of market activity, with a high degree of customization. Its settings allow users to adapt it to analyze the speed of trading, easily identifying peak moments in activity.

INDICATOR

• Settings-of-Use
  • How-To-Set-The-Speed-Of-Tape Indicator
• GENERAL
  • Database
  • Filter-min
  • Filter max
  • Number-seconds
  • Dev-standard-per-filter
• SERIES
• ESEMPLE 1
• ESEMPLE 2

Settings-of-Use

How-To-Set-The-Speed-Of-Tape Indicator

Clicking on the indicator settings icon, you will open its configuration window, within which you can make several choices regarding the functionality of the indicator itself.

GENERAL

1. Database

   Select the type of data to be analyzed (Volume, Order, Trade).
   • Volume: Measures the amount of volume traded in the specified period.
   • Order: Tracks the number of orders placed
   • Trades: Keeps track of the number of trades executed
   • For a more detailed explanation go to the link in the wikli dedicated to "Data base type"

2. Filter-min

   Sets a minimum limit for volume, number of orders or trades.

3. Filter max

   Sets a maximum limit for volume, number of orders or trades.

4. Number seconds

   Time interval in which speed is measured (in seconds).

5. Standard dev-per-filter

   Standard deviation value for filtering data based on a specific range.

SERIES

• Bull Border and Bull Fill: These parameters allow you to set the color of the border and fill for positive indicator candles that indicate market acceleration in buying
• Bear Border and Bear Fill: Similarly, these parameters allow you to configure the border and fill color for negative indicator candles that indicate a market acceleration in selling

EXAMPLE 1

This example, with the indicator set to volume acceleration, shows how the market can react in areas of potential reversal, using different volume indicators:

• Speed Of Tape: to identify areas of rapid trading.
• Volume: to display volumetric quantities and imbalances in bars.
• Delta bars: to analyze the relationship between aggressive sellers and buyers.

The combination of these indicators gives us a clearer view of the market in the levels of interest we are monitoring

After a bearish phase characterized by rapid selling activity, we observe a response of buyers at Point A, with a reduction in aggressive activity of sellers (fading). At Point 1 we show an initial acceleration of buying with a divergence between the speed of trading and the aggressive response. At Points 2, 3 and 4, Delta, Volume and Speed Of Tape show a strong response from buyers, initiating a price reversal.

Important Notice: The example presented is for demonstration purposes only and in no way constitutes an invitation to trade based on the information provided. Each trader is fully responsible for his or her own analysis and trading decisions, acting on his or her own interpretation of the market and discretionary judgment.

EXAMPLE 2

In this example, the indicator is configured to analyze volume acceleration on a 10 Range chart, in combination with the Order Flow Analyzer (Footprint) and other indicators:

• Speed Of Tape: identifies areas of rapid shakeout.
• Volume: shows volumetric quantities and imbalances with Delta coloring.
• Order Flow Value: deepens Delta reading.
• Order Flow Analyzer: provides a detailed view of the buy-side and sell-side market
• Volume Profile Swing: monitors volume and VWAP development on the current swing.

The analysis examines market details by tick by tick. reading of the chart.

During the Short Aggression, the Order Flow Value indicator shows a significant negative delta, suggesting a possible Delta (Delta Shot or Delta Spike) imbalance, which could indicate a directional breakout or a trap for sellers.
The Speed Of Tape detects an acceleration of selling trades, while the subsequent delta shows an initial absorption by sellers, confirmed by the footprint labeled "absorption".
The Delta enters an initial rotational phase (Delta Rise), i.e., an increasing momentum from the negative spike, indicating a sharper absorption by buyers. Subsequently, the market shows Buy participation, developing an upward movement toward the swing VWAP.

Important Notice: The example presented is for demonstration purposes only and in no way constitutes an invitation to trade based on the information provided. Each trader is fully responsible for his or her own analysis and trading decisions, acting on his or her own interpretation of the market and discretionary judgment.