▋ INTRODUCTION : The “Time and Sales” (Tape) indicator generates trade data, including time, direction, price, and volume for each executed trade on an exchange. This information is typically delivered in real-time on a tick-by-tick basis or lower timeframe, providing insights into the traded size for a specific security.
_______________________ ▋ OVERVIEW:
_______________________ ▋ Volume Dynamic Scale Bar: It's a way for determining dominance on the time and sales table, depending on the selected length (number of rows), indicating whether buyers or sellers are in control in selected length.
#Section Two: Technical Settings (1) Implement By: Retrieve data by (1A) Lower Timeframe: Fetch data from the selected lower timeframe. (1B) Live Tick: Fetch data in real-time on a tick-by-tick basis, capturing data as soon as it's observed by the system. (2) Length (Number of Rows): User able to select number of rows. (3) Size Type: Volume OR Price Volume.
_____________________ ▋ COMMENT: The values in a table should not be taken as a major concept to build a trading decision.
Please let me know if you have any questions. Thank you.
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Updates
Improved iteration; now it should work fine with a high timeframe.
Amended the Dynamic Volume Bar.
Added total up & down volume.
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The bug corresponding to the new bar is fixed.
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Updates
Amended "Live Tick" mode iteration. It should be faster.