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<SPAN
class=279440606-20102002>Ron,
love
you opening line!! Chuck Lebeau over at <A
href="http://www.traderclub.com/";>http://www.traderclub.com/
has done a lot of work with ATR and a very similar indicator to what you
present. IMO it is tough to use ATR as a strict stop BUT in conjunction with
other TA it can be a very powerful confirmation....
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Ron
[mailto:ronber@xxxxxxxxxxxxx]Sent: Saturday, October 19, 2002 4:46
PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: Re:
[Metastockusers] Average Daily RangeNot 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
bandUpper: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?Ronwavemechanic 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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