wealthmonk
New member
Tick charts are a great tool to measure market speed. I wonder if it is possible to further assess the speed of the market by counting the number of tick barks plotted in a given period of time. e.g. For ES, I use 1600 ticks chart. I'd like to measure in last five minutes how many 1600 tick bars were created. More bars would mean more speed. I believe it will help in staying out of the market when market is slow. For some traders, 10 bars of 1600 ticks in 5 minutes may be fast, for some it may be slow and they both can decide on whether or not to take trades. Any idea on coding this?