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Thanks. Will play with this with/without Raff,
etc. Sounds like something of value could be here.
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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 2:03
PM
Subject: RE: [Metastockusers] Average
Daily Range
<SPAN
class=905582116-18102002>Bill,
it
depends on your trading time frame but for short term swing trades I gravitate
towards atr(14). I use ATR to determine if the current move is inside or
outside of the stocks "comfort Zone". My pivot studies are done in DT and used
for target analysis, but your concept holds interesting possibilities. are you
suggesting a barcount setting from the last pivot point?
<SPAN
class=905582116-18102002>
I
have not compared the approach to raff et al but they seem to be more suited
as support resistance indicators where the ATR study may better lead you
towards a hard or soft approach to one of the their violations.
<SPAN
class=905582116-18102002>
<SPAN
class=905582116-18102002>Example Your Raff study shows you to be at or near a
resistance level. As the stock moves towards this study line you note that
your expected daily range could very well be several points outside that study
line. This might encourage you to take a "soft" approach to the Raff Signal.
this is all off the top of my head and deserves more thought.
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: wavemechanic
[mailto:wd78@xxxxxxxxxxxx]Sent: Friday, October 18, 2002 12:16
PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: Re:
[Metastockusers] Average Daily Range
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
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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>
<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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