StockFetcher Forums · General Discussion · Is there a way to filter out stocks with low spreads<< >>Post Follow-up
rsingh
51 posts
msg #28399
Ignore rsingh
9/8/2003 9:48:52 AM

I am only interested in stocks in my filters that don't have wide ask and bid spreads. Is this possible?




gladlynt
3 posts
msg #28402
Ignore gladlynt
9/8/2003 10:49:21 AM

Look for stocks with avgvol(90) above 100000. High volume stocks will have lower spreads. That is the only way I know of. I hate seeing 10 cent spreads also!!


TheRumpledOne
6,358 posts
msg #28422
Ignore TheRumpledOne
9/9/2003 3:08:24 AM

I love wide spreads... I step in front of the bidder grab shares and then step in front of the seller and sell them.... it is called CAPTURING THE SPREAD!


chessnut1
53 posts
msg #28438
Ignore chessnut1
9/9/2003 6:40:26 PM

...like banks make money by capturing the spread between the interest they pay on deposits and the interest they make on loans. You need Direct Access to capture the spread as you describe, correct? I'm curious, do you use an ECN like Archipelago? -- BJ


TheRumpledOne
6,358 posts
msg #28449
Ignore TheRumpledOne
9/9/2003 10:26:23 PM

Never did answer your question:

Fetcher[set{A,close - open} set{B,high - low} show stocks where B below .02]



That will give you small spreads for the day.

And to answer the ecn/direct access question... Yes, direct access is the best, but I do it with ameritrade and freetrade.




rsingh
51 posts
msg #28458
Ignore rsingh
9/10/2003 8:41:54 AM

Thanks for the filter but that is not what I am looking for. That returns all stocks that had a close trading range for the day.
I am looking for stocks that might have wide trading range but the ask and bid on these stocks is narrow throughout the day so that one can trade them easily.

I know one solution which one of you have mentioned to look for stocks with high volume.


StockFetcher Forums · General Discussion · Is there a way to filter out stocks with low spreads<< >>Post Follow-up

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