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Sounds good. Might you also want to set an upper limit too? Reduce risk by
removing excessively volatile stocks.
Have you tried greater than 20 periods ? or a lower limit greater than 4%?
I'm most likely going to be screening the S&P500.
Thanks,
Sean
----- Original Message -----
From: <CRLeBeau@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, February 02, 2001 6:02 PM
Subject: Re: Basic filters
> In addition to volume you might want to screen for some minimum level of
> volatility. I find that most short term systems work best on stocks which
> have an average true range (ATR, 20) that is greater than 4% of the stock
> price. This filter keeps you out of stocks that don't seem to go anywhere
> even if your timing is good.
>
> Chuck Le Beau
> www.traderclub.com
>
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