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Registered User
Joined: 4/11/2008
Posts: 56
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Is there a way to code for when the price history is crossing up and or down the ATR. I was trying by using the ATR and the ATR of Indicator. I was unable to come up with a solution.
I want to use the criteria, so I can scan for those stocks and also to use with backscanner if possible. If this is not available at the moment, I would like to sugest it for the next possible version.
Thanks.
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Registered User
Joined: 12/31/2005
Posts: 2,499
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This is an apples to oranges issue:
Since ATR is a % of Price and varialble the crossover is dependent on the scaling of the two, either scaled seperately or scaled together. This may seem like a valid visual signal, but is dependent on the scaling. That scaling can change based on the number of bars being displayed as well as new high or low, i.e. expanded range, of one of the plots.
I suspect this seems like a valid signal but is really an artifact of the way visual pattern processing deals with the information.
You night consider trying to develop a set of rules that correspond with the "crossover" conditions, along the lines of:
1. ATR crossing down similar to: decreasing volatility with increasing price
2. ATR crossing up similar to : increasing volatility with decreasing price
These rules would be ned to use a normailzed ATR, ATR/Price, to provide a consistent measure of the increase/decrease from symbol to symbol.
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Registered User
Joined: 4/11/2008
Posts: 56
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Thanks Jas.
That sounds good enough. I will look for other indicators and ways to test a very strong criteria for SF use. In other words, with the amount of data,. and the way SF deals with it, I am very sure that it has a lot more of potential than what I know so far.
For example, some other vendors have software that their scan is not as deep as SF. Therefore, I know SF can do a lot more. So I am constantly playing with it.
Thanks once again.
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