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Jayson:
What have you found are good period settings for
historical? Have you looked at using this from pivots as opposed to
intraday moves? Have you compared this approach to using Raff, std.
dev. and such? Just some thoughts as I have not followed
ATR intraday, but having been using the other
constructions.
Bill
<BLOCKQUOTE
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=jcasavant@xxxxxxxxxxxx
href="mailto:jcasavant@xxxxxxxxxxxx">Jayson
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxxxxx
Sent: Friday, October 18, 2002 11:44
AM
Subject: RE: [Metastockusers] Average
Daily Range
<SPAN
class=353074015-18102002>Lionel,
<SPAN
class=353074015-18102002>
the
KISS principal ! on my RT charts I take it a step further and
calculate the percentage of the days move as it relates to historical
percentage. this is very handy as at a glance I can see if the current move is
note worthy. ATR is a very powerful tool
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Lionel Issen
[mailto:lissen@xxxxxxxxxxxxxx]Sent: Friday, October 18, 2002 11:18
AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: RE:
[Metastockusers] Average Daily Range
<FONT face=Arial
size=2>Jason:
<FONT face=Arial
size=2>
Thanks for this
tip. I should have thought of it.
Like many good
ideas, it fairly simple to use and obvious once you see
it.
<FONT face=Arial
size=2>
<FONT face=Arial
size=2>Lionel
<FONT
face=Tahoma size=2>-----Original Message-----From: Jayson
[mailto:jcasavant@xxxxxxxxxxxx] Sent: Friday, October 18, 2002 9:46
AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: RE:
[Metastockusers] Average Daily Range
Of
course. Setting a 3% stop loss on a stock whose ATR is 5+% may very well
result in getting stopped out during the normal trading day. Setting your stop
loss to reflect a more realistic range for each stock will help keep you in
the trade. rather than a flat ATR number I like to relate atr to the stocks
trading price. (ATR/close)*100 will present a percentage reading of the ATR
where you will see the historical daily percentage price swing of the stock.
this may be useful for determining your stop. when tied to visible
support/resistance levels you may better judge the viability of a given
trade......
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: moishe73
[mailto:mbuchalt@xxxxxxxxxxxxxxx]Sent: Friday, October 18, 2002
9:14 AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Average Daily RangeWould knowing the
Average Daily Range be helpful in setting Stop Loss limits instead of
arbitrary limits? If so, what would the formula look
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