Deceptively simple the Orderflow Speed allows you to monitor market speed and enables you to view trading activity right in your chart. OrderFlow Speed has three modes: Total Speed, Buying Speed, Selling Speed and Delta Speed. It supports Tick Replay feature so that you can visualize historical trading activity.
OrderFlow Speed is designed to provide you with information about the amount of volume that is traded during a particular moving time window. This information allows you to visualize signs of buying of selling exhaustion, for example. You can broadly and at a glance visualize increased trade activity.
OrderFlow Speed has three modes: Total Speed, Buying Speed, Selling Speed and Delta Speed. It supports Tick Replay feature so that you can visualize historical activity.
OrderFlow Speed also displays a moving average and the corresponding standard deviations, so that you can easily spot extreme values.
Works with every chart type and time-frame, although we recommend intraday time-frames.
In contrast to a speedometer, which only provides information on the current market speed, OrderFlow Speed offers a comprehensive view of historical market trades, speed, and velocity data. This tool allows for an effortless visualization of the present market speed and velocity, facilitating comparisons with past values. While a speedometer alone cannot highlight divergences due to the need for more data and a sequence of historical traded volume values, OrderFlow Speed handles this task proficiently.
With OrderFlow Speed, you can intuitively determine which side has been dominating the other, and ascertain whether there is a distinct market direction and commitment, or a lack of active participation.
OrderFlow Speed serves as a market velocity measure in Delta mode, where velocity is understood as a vector measurement of both the rate and direction of motion. It provides more than just a rate measurement of executed trades, it gives a directional insight as well. Coupled with the Momentum feature, it becomes possible to observe the evolution and unfolding of participation and effort.
OrderFlow Speed features an extensive volume filtering option and also allows for trade reconstruction when filtering. Want to draw comparisons between different session speeds and velocities? The Cumulative mode makes this possible, enabling you to explore session-based velocity and market speed.
Significantly, OrderFlow Speed also facilitates the display of per-bar divergence, making it easy to spot inconsistent bar movement versus market velocity. It serves as a valuable tool to identify market continuation, by acting as a participation gauge, or market exhaustion, when participation dwindles.
Visualized like a sound wave that measures the frequency of trades entering the market, OrderFlow Speed boasts impressive visuals, using transparency and distinct colors for extreme values.
Keep track of market speed or velocity with OrderFlow Speed. Identify whether price movements align with trading activity and volume.
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