Tape traders monitor the tape searching for mainly 2 types of action:
- Volume extremes, created by both big players in the higher end and retail players in the lower end
- Tape speed, especially high speed moments
The XBP Tape Indicators bundles contains two indicators, the XBP Tape Players for the volume extremes, and the XBP Tape Speed for the tape speed, that aim to help traders to detect visually these two types of activities without the need of constant monitoring of the tape and the added benefit of easy analysis of past data.
Check the Indicators section for these two indicators details.