Tape patterns

The indicator is designed to process and filter “raw” order stream, flowing into the market. It has very sensitive settings to compute different automatic download algorithms and positions unloading.

Indicator view on the chart.


*Note! When setup for the first time, the indicator has the settings by default, and those settings are not suitable for all instruments and time-frames, thus it has to be attuned.


To add and setup the following indicator, open the Indicators Setup window.



Calculation.

Min/Max Print Volume – filter of volumes of certain ticks, belonging to the chain.

Min/Max Cumulative Volume – filter of the cumulative volume of the whole chain of ticks.

Search prints inside time filter – turn on/off the option. If the option is enabled, the ticks chain should be inside the indicated time interval.

For example, if the value is 1000, it means, that the time between the first print of the chain and the last print of the chain should not be higher than 1000 milliseconds.


If the mode is disabled, the time between the neighboring ticks should not be higher than the given time filter.

For example, if the value is 1000 and the chain contains 3 ticks, the time between each tick and its “neighbor” should not exceed 1000 milliseconds.


Time Filter – manual setup for the time filter.

Range Filter – spread of the range, in which the searched ticks range can be. Value 1 means that all ticks should be at the same price. Value 2 allows collecting ticks at two price levels.

Calculation Mode – criteria for choosing the ticks in the chain.

Calculation mode, 5 display options are available:

  • Any
  • Bid
  • Ask
  • Between
  • Bid or Ask

Colors.

Between color – color setup for the trades inside the spread.

Buys – color setup of the buy trades.

Sells – color setup of the sell trades.

Time Filtration.

Use time filter – turn on/off the time filter.

Time from/to – setup of the time interval filter.

Visualization.

Cluster Selection Transparency – setup of transparency of the selections of large volume in clusters.

Fixed Size – turn on/off the fixed size of the visual elements.

Maximum/Minimum Size – max. and min. size of the visual elements by default.

Size – manual setup of the size of the visual element.

Visual Mode – setup of visualization of the selected volume display.

5 options available:

  • Ellipse
  • Triangle
  • Rectangle
  • Diamond
  • Only Price

Visual Objects Transparency – setup of the visual elements transparency.

IMPORTANT! To optimize the server load, the indicator data is displayed only for the current session.