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Not knowing anything about what I was doing, but having the confidence
gained by my ignorance and sustained by nothing much better to do, after
reading this thread I created an upper and lower band
Upper:C+ATR(21)
Lower:C-ATR(21).
It appears that when I drop them on a price plot, if I ratchet my stops
up staying just outside(below) the lower band I'm kept in a trade for
most of the run I would want. Likewise, as the upper band approaches my
target, it seems I need to give some serious consideration about staying
with the trade or perhaps tightening my stops even further. In some
cases parabolic SAR seems to have the same sort of results.
Is this at all worthwhile?
Ron
wavemechanic wrote:
> Thanks. Will play with this with/without Raff, etc. Sounds like
> something of value could be here.
>
> ----- Original Message -----
> From: Jayson <mailto:jcasavant@xxxxxxxxxxxx>
> To: Metastockusers@xxxxxxxxxxxxxxx
> <mailto:Metastockusers@xxxxxxxxxxxxxxx>
> Sent: Friday, October 18, 2002 2:03 PM
> Subject: RE: [Metastockusers] Average Daily Range
>
> 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?
>
> 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.
>
> 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
>
> -----Original Message-----
> From: wavemechanic [mailto:wd78@xxxxxxxxxxxx]
> Sent: Friday, October 18, 2002 12:16 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: 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
>
> ----- Original Message -----
> From: Jayson <mailto:jcasavant@xxxxxxxxxxxx>
> To: Metastockusers@xxxxxxxxxxxxxxx
> <mailto:Metastockusers@xxxxxxxxxxxxxxx>
> Sent: Friday, October 18, 2002 11:44 AM
> Subject: RE: [Metastockusers] Average Daily Range
>
> Lionel,
>
> 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
>
> -----Original Message-----
> From: Lionel Issen [mailto:lissen@xxxxxxxxxxxxxx]
> Sent: Friday, October 18, 2002 11:18 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: RE: [Metastockusers] Average Daily Range
>
> Jason:
>
> 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.
>
> Lionel
>
>
> -----Original Message-----
> From: Jayson [mailto:jcasavant@xxxxxxxxxxxx]
> Sent: Friday, October 18, 2002 9:46 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: 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
>
> -----Original Message-----
> From: moishe73 [mailto:mbuchalt@xxxxxxxxxxxxxxx]
> Sent: Friday, October 18, 2002 9:14 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Average Daily Range
>
> Would knowing the Average Daily Range be helpful in setting
> Stop Loss
> limits instead of arbitrary limits? If so, what would the
> formula
> look like?
>
>
>
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