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<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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