Registered User
Joined: 10/7/2004
Posts: 40
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Please allow the bid/ask spread to be a scan condition value.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Thank you for your suggestion.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/19/2004
Posts: 21
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In the new v19 Beta, there are four bid/ask spread values; Bid Ask Spread, Bid Adk Spread %, Spread Daily and Spread % Daily. They change throughout the day. How are they calculated? Can they be used to scan (or sort) for stocks with tight bid/ask spreads to find those that are more liquid?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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So the bid and ask can now be plotted historically on the chart. And these bid and ask values can be plotted as OHLC values to see how they changed throughout the duration of a bar.
The spread and spread % are going to change any time the bid or ask change, but these spread values only have the last value in the time frame and can't be plotted as OHLC values.
So you can use the bid ask spread and bid ask spread % values to find tight bid ask spreads to see what is more liquid. And you can use historical values or averages of these values over time as well.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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