![]() You will have to gauge levels yourself based on the market and chart used. Those levels were based on my own analysis and screen time of the market being traded. ![]() In the screenshot, I have a green line and red line manually applied which are my thresholds for fast vs slow. values with larger negative values represent a slower market (hence the duration between updates is longer in duration). When using the indicator, values closer to 0 indicates very fast, vs. That is why I applied a sign reversal to the values in the code. ![]() I wanted to have the values coincide with visual trend of values that are trending 'up' (faster) vs 'down' indicating slower mkts. I trade with tick charts so that is the lens that I am viewing this indicator. A fast market will have very short durations of updates with values closer to 0. A slower market will have a longer duration and therefore a larger value. The indicator takes the time difference between the the last tick update of the bar compared to the previous tick update. I wrote the following simple indicator which gives some level of quantitative visibility if the mkt is moving fast vs slow. Watching the time and sales order flow gives a sense, but what is fast now vs earlier or another time period is still subjective. However, historically that is challenging as it has been quite subjective. I find it necessary to make sure to stay out of the markets when they are 'slow' vs 'fast'.
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