TheRumpledOne
6,407 posts
msg #57820
- Ignore TheRumpledOne
modified |
12/9/2007 10:26:55 AM
TRO STAT SCAN - RANGE FINDER displays the number of times the range exceeded $.50, $1.00, $2.00, etc.. in the last 100 days.
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TheRumpledOne
6,407 posts
msg #57822
- Ignore TheRumpledOne
modified |
12/9/2007 10:32:50 AM
This version if for traders in Muddy's GREEN ON THE SCREEN Chatroom
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TheRumpledOne
6,407 posts
msg #58070
- Ignore TheRumpledOne |
12/13/2007 11:30:40 AM
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nikoschopen
2,824 posts
msg #58078
- Ignore nikoschopen |
12/13/2007 1:23:17 PM
TRO,
Allow me to reiterate that this isn't statistical enough. Rather, it's so skewed that it doesn't tell me anything. For example, out of those stocks that made a move of 10-cents or more, how many actually went down below their open? In another word, was the low lower than the open? This will at least indicate that the stock actually went down at some point, whether before or after.
Stocks usually go up at the open when it closed higher in the previous trading session. Hence, we can safely reason that if the stock closed down the previous day, the probability favors a continuation at the open unless the stock gaps down. So you need to ask ureself how many of those that closed down the previous day managed to go up at the open by 10-cents or more?
There are still many more unsettling questions, but I'll leave it at that for the time being.
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TheRumpledOne
6,407 posts
msg #58102
- Ignore TheRumpledOne
modified |
12/13/2007 10:10:46 PM
This is showing the number of times the range exceeded a certain amount. Range as in HIGH - LOW. This has NOTHING to do with the open.
Trading stocks that have STATISTICALLY higher ranges can give you an edge.
Niko, look at the "RUN FOREST, RUN" thread for the statistics for HIGH - OPEN and OPEN - LOW. Review the thread "FADING THE GAP STATISTICS" for the gap trades.
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