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<DIV><FONT color=#000000 size=2>For all of you who use systems that incorporate
intraday bar range and ticks here is an idea. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I am using it to adjust my stops to compensate
for time of day volatility as I call it.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>1. Charts are in zip file
gcharts.zip </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>There is a clear correlation between time of day
and range. This is shown in charts g1 and g3. Notice the best
fit second order polynomial of the order R=at^2+bt+c. By using it as
a function you may express the range for a given time t. Now you know what
the normal range should be so do not put a stop within the close+- the
range. This should significantly reduce the false signals caused by
noise. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>The same thing can be said for volume biases systems to
account for the daily tendencies and remove the bias in order to improve the
linear relations expressed in systems. See charts g2 and g4.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Any one have any comments?</FONT></DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>Mike Clark<BR><A
href="mailto:clarkmj@xxxxxxxxxx";>clarkmj@xxxxxxxxxx</A></FONT></DIV>
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