Tape Plotter (Jan 2013)

Description

TapePlotter is an advanced tool that is imported as an indicator for NinjaTrader and to analyze in depth the behavior of the tape (Time & Sales or Level1).

Accumulates at each level of the cross-market price against Bid (sales) and against the Ask (buy) orders, allowing them to immediately detect the negotiated prices and if the pressure has been selling or buying.

Only it works in real time, not historical bars. If the recharge indicator (eg, a new indicator is introduced into the chart, a reconnection occurs, the timeframe is changed, etc) all data is lost and it’s like indicator restart from scratch. Nor it supports templates and allows you to save the selected parameters.

Market Replayer works with allowing to study and analyze historical patterns to search sessions.

The indicator provides a variety of features that can consult in detail in the manual (request it by e-mail) and displays the information in very different ways.