May 31st 2018 v1.0
This Indicator displays the time elapsed since last execution and was inspired by the work of Lucas (Rainbow from the the NT forum) and an open source indicator he offered which toggled trades.
I am self taught and although this indicator has shown to be reliable and stable, the bulk of his work is advanced and credit should go to him.
I know I have seen an indicator like this before on BMT, but I was asked to create this by someone recently so I figured I would post it for the rest of BMT. This indicator is meant for not time based bar types such as Renko or Range. It will report the average time of the bars over the last period in Sec. It will also present the time of the current bar for comparison. If the Sec are less than the alarm limit, it will paint that bar Green and a gray strip into the primary chart.
Summary:
Red Trace: Average time in Bars/Sec over period
Light Blue: Time of current bar in seconds
Green/Gray Strip: Alarm limit reached
December 15th, 2020 06:02 AM globoman Finally found it. Thanks a lot!!
August 15th, 2020 10:21 AM stocks29 this is a great indicator! just what I was looking for.
November 17th, 2018 03:06 PM BoltTrader Thank you! I love these that you have coded. Have you ever thought about combining your time and tick counters into on
e indicator instead of 2 separate indicators? You could also add a volume counter and it would be perfect. One indicat
or that you could save on your chart template that would work on 3 different types of charts.
August 17th, 2018 06:24 AM Cudashark That is Awesome....