Pace of Tape - Lower Pane computes an inverse of the time it takes to complete each bar. A smoothing of time is used for that denominator with the smoothing period specified with button. The numberator is also specified with button > 100 / MA(Time, 5). This chart was uploaded by Investor/RT 13.2.8 showing symbol: @ES#.
Pace of Trade - Delta of Pace - Middle pane plots the difference between the number of trades that occurred at ask minus the number of trades that occurred at the bid. Bottom paints the delta a gradient of green (positive) and red (negative). This chart was uploaded by Investor/RT 13.2.8 showing symbol: @NQ#.