Visual Time and Sales
Description -
Click here to view the full size chart
- Time and sales (T&S) is a powerful tool used by professional day traders to watch the current price movements at its most detailed level.
- Time and sales shows each individual trade as it occurs in a scrolling list.
- Time and Sales charts show the exact price that each trade occurs at and also whether the trade occurred at the bid (market selling price) or ask (market buying price).
Key Features
- Normally, one watches this activity using a traditional T&S window chart. The challenge with this method is that the Time and Sales activity can move very quickly and scroll by very fast. In addition, a normal T&S window cannot be fully integrated into your primary trading chart.
- The Visual Time and Sales indicator displays this powerful information as a dynamic horizontal graph. This enables you to visually see when price is at, above or below the Bid or Ask price.
- Change the bars for At Bid, At Ask, Above Bid, and Above Ask.
NOTE:
THIS INDICATOR REQUIRES
historical
tick data. Some
Data Feed vendors do not provide this in their feed (IB, Tradestation, etc.).
To use this indicator you must have an unfiltered data feed such as
Zen-Fire provided by
Mirus Futures.
This indicator must calculate as the live data comes in.
It creates bars when they are the most current. It cannot create them once they are older. Therefore, if you hit F5 or any behavior equivalent to hitting F5 (adding another indicator to the chart, changing a parameter in any indicator on the chart) while the indicator is active, all the
indicator bars that were calculated on the live data, become historically based and no data is there to recreate them. They will "disappear".
Please note this is normal behavior and a necessary part of the indicator design.
