ATR multiples between two MAs

• 10/19/2018 at 4:55 PM #83192
  Zac

  Hi,

  I would like to express the distance between a short-term MA and long-term MA as a number of ATR multiples. I have made a start below. I would really appreciate some help in refining things further.

  1/  It would be great to have the stocks displayed in descending order (so the stocks where the gap is the biggest ATR multiple is shown first)

  2/  I would like to see the ATR multiple if possible

  3/  It is probably wise to also add a volume filter (I can probably tackle that bit but just thought of it as I was typing)

  I’ve had a good look around to see if there is any code to repurpose. I can’t seem to find something applicable. Does anyone have any ideas/suggestions?

  Thanks in advance, Zac.

   

  Price extension expressed in terms of ATR

  // Number of ATR multiples to cover distance between 10MA and 250MA TIMEFRAME (DAILY) ATR = AverageTrueRange [20] (close) MA10 = Average [10] (close) MA250 = Average [250] (close) DIST = ABS (MA10-MA250) SCREENER [DIST / ATR]

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  // Number of ATR multiples to cover distance between 10MA and 250MA   TIMEFRAME (DAILY) ATR = AverageTrueRange [20] (close) MA10 = Average [10] (close) MA250 = Average [250] (close) DIST = ABS (MA10-MA250) SCREENER [DIST / ATR]

   

  

  Zac

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  10/22/2018 at 11:57 AM #83326
  Nobody

  Zac wrote:

  I would like to see the ATR multiple if possible

  Write it as indicator then use that as criteria

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  Zac

  

  Nobody

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  10/22/2018 at 12:21 PM #83327
  Zac

  Thanks.

  Could I easily get from that to a shortlist of the most extended stocks? That’s the primary purpose.

  

  Zac

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  10/28/2018 at 11:09 AM #83640
  Nicolas

  Just use your condition as the criteria to sort the results:

  SCREENER (DIST / ATR)

  1	SCREENER (DIST / ATR)

  This way, the screener will display all the shares of the list since there is no condition and sorted by “dist / atr” value.

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  Zac

  

  Nicolas

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