I have read through all of the postings on Avg True Range, & concluded that the following abbreviated formula will produce the intended results: (C-C60)/(AVGH60-AVGL60)
Can you confirm that this is a good algorithm for ATR of a given period?
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OK. Tx for the info. Very helpful. I wd also like to scan for scheduled earnings announcements & the % of surprise announcements (eg., exceeding or failing to meet earlier projections). My purpose is to stay away from trades on companies within 2 wks of earnings announcements. unless making news trades. If making news trades, I just want to know if movement will be more likely than not. I can capture movement in either direction using an iron condor play.
Is it possible to capture these two data points?
* scheduled earnings announcements
* 5 surprise announcements
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I am trying to build scans for oscillator & momentum stocks. Toward that end, I need help with additional indicators, as follows:
Momentum
* I need the syntax for ADX as a confirmation of momentum.
* any suggestions for MACD at crossover, overbought & oversold?
* any other indicator conditions that you wd recommend for momentum plays, other than volume?
Oscillators
* I am going to set max price for stocks under $15 & know how to do this based on your previous posts
* I need the syntax for TSV
* any other indicators that wd rule out momentum?
Tx,
Neal
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