We are happy to announce the release of the first of 3 "Smart Gauges" in the Jigsaw daytradr platform. This first gauge shows pace of tape - relative to recent historical average. Pace of tape is an integral component of reading Order Flow. In a recent video from Alex Haywood at Axia Futures (a London based proprietary trading firm), he discussed using the increase in trading activity as you approach an extreme. An increase in pace making it more likely that the extreme will break. So – use these in isolation but also across correlated markets so you have an understanding if increases in activity are specific to your market or represent an increase in interest across the board. This is what a lot of us are doing in terms of the way the market moves and this add another dimension to that. For a look at how to set up the gauges, take a look at the following video: A lack of activity has always been associated with a lack of follow through. Now, with the Jigsaw Pace of Tape Smart Gauge you can pull up gauges for the market you trade and the correlated markets to get at a glance view of how active your markets really are. This self-tuning tool doesn’t have hundreds of parameters, in fact there’s just 1 setting to allow you to tune into markets that have more variability in the pace from minute to minute. In the markets we’ve looked at – Pace of Tape has been consistent enough to not require changing from the default – but it’s there should you need it. For more information, visit the Jigsaw Trading site.
The original will fade away and be replaced with the bridge to daytradr. New comms layer out next week.