New Pace of Tape Indicator Makes Reading Tape Easy

It measures the speed of the orders coming into the market

Does not count volume. (1 lot = 100 lot order)

I use it on a very fast timeframe (10-second chart)

Same basic settings, except for the 2 moving averages will now be added as variables.

I will post the new chart template and the new indicator settings 60 minutes after we finish.

Here’s what’s new:

Two MA’s that will signal when they cross by painting the bar a different color.

This confirms breakouts in speed, and big drops in speed.

“I want to know when the price increases speed a LOT faster than it has over the past few minutes”

POT Speed Cross:

– When they are quick to cross and then quick to cross again, we see this as indecisions, lack of confidence, and should be treated as higher risk.

– RED = Higher Risk ( I want to see some yellow at the fastest point)

Market Personality can be found on the blog. Search for ‘when is this market too dangerous to trade?

How does Equities effect commodities?

It all begins with the DOLLAR.

Rising Dollar makes commodities CHEAPER.

When commodities are cheaper, people have more risk capital to invest.

Equity markets will rise with more open interest as commodities fall.