You can use the Tick Speedometer on both the spot fx chart and also currency futures in exactly the same way. However, as you can see on the screenshot, there is a significant difference between the two tick speeds for these markets as the tick activity in both is very different. Indeed this would also be highlighted further if we were to consider the Tick Speedometer in action when the physical futures exchange is closed, and here we would see very low tick activity on the 6E which would then be trading on the electronic market only. The indicator can therefore be used solely on either market or in tandem for validation of participation or the lack of participation in a related market.

EURUSD_and_6E_on_tickspeedometer

Category :

NEW Quantum Trading Indicators for TradingView are [Now Available!]Click here to learn more
+