StockFetcher Forums · Filter Exchange · Need help trying to limit stocks with wide spreads<< >>Post Follow-up
mdl060374
91 posts
msg #64815
Ignore mdl060374
7/9/2008 4:54:04 PM

I am looking for a way to add criteria to a filter that gets rid of stocks that trade with wide spreads.

To be more clear, I have set minimum average volume around 2,000,000, and I do still want decent average ATR (2% around), but alot of these stocks trade alot of volume, yet have a .07 spread, etc.

Any idea on how to go about doing this?

SAFeTRADE
412 posts
msg #64817
Ignore SAFeTRADE
7/9/2008 5:12:39 PM

Maybe this?

Fetcher[show stocks where the adr(10) is below 2 percent and close price > 15 and volume > 20000000 ]



mdl060374
91 posts
msg #64826
Ignore mdl060374
modified
7/9/2008 11:24:56 PM

ok thanks. I appreciate the response

I meant to mention this earlier, but the reasoning behind this is that i want stocks that are "movers" but dont have the large spreads...


this ties into my strategy of automating entries at the open where i pay the offer, but dont get stuck with a large spread.

(in other words, I am trying to narrow my universe to a balance b/w voaltility and not getting hosed on the spread,)

So i guess i am looking for a way to dial this in.

Or looking at this in a different way, If I find the "ideal" stock, is there a way to plug it into criteria and find out what certain stats are so I can make a search that looks for similar ones?

contrahawk
68 posts
msg #64841
Ignore contrahawk
7/10/2008 9:43:02 AM

mdl,

I think you'll find daily volume to be a potential key here. . . .check out AAPL, for instance. It's worth noting, though, that while the Bid-Ask spread on AAPL will be .01 - .02 during the day, at opening and immediately after -- when traders are probing to see which way it's going to move -- the spread is liable to be .10 or more.

Jim

StockFetcher Forums · Filter Exchange · Need help trying to limit stocks with wide spreads<< >>Post Follow-up

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