filter instrument by average true range in relation to spread

benwibaut · 2019-06-24T16:05:19+00:00

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.

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06/24/2019 at 5:05 PM #101331 quote

benwibaut
Participant

New

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.

06/24/2019 at 5:23 PM #101333 quote

Vonasi
Moderator

Master

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.

06/25/2019 at 7:01 AM #101362 quote

Nicolas
Keymaster

Legend

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.

06/25/2019 at 9:40 AM #101378 quote

benwibaut
Participant

New

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.
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