filter instrument by average true range in relation to spread

• 06/24/2019 at 5:05 PM #101331
  benwibaut

  I’m interested in spread betting on stocks with in the FTSE 250 but would like to filter out stocks that have too high a spread when compared to the average true range. Plainly it’s hard work making a profit on an instrument that has a 15 point spread and only moves 10 points on an average day. Does Prorealtime enable me to search for instruments that have a good price movement to spread ratio, as a standard function? If not any ideas how to do it short of laboriously going through each instrument?

   

  Many thanks.

  

  benwibaut

  Participant

  Topics: 1

  Replies: 1

  Been thanked: 0 times
  06/24/2019 at 5:23 PM #101333
  Vonasi

  Historical spread information is unfortunately not available in PRT. There is also no way currently to use live spread prices in an indicator or a strategy.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
  06/25/2019 at 7:01 AM #101362
  Nicolas

  But we still could make a screener that sort the instruments from lower to higher ATR or higher to lower ones.. or even make a rule in the screener to filter instruments below XX ATR.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  06/25/2019 at 9:40 AM #101378
  benwibaut

  Thank you both for your replies, I’m grateful. I’ll have a stab as you suggest, at using the pro screener to sort instruments by atr high to low; at least a step in the right direction.

  

  benwibaut

  Participant

  Topics: 1

  Replies: 1

  Been thanked: 0 times
• Author
  Posts