Efficiency?
Posted: Tue Aug 15, 2006 10:31 pm
Has anyone tried using efficiency of movement as a trend indicator? If so, on what investments?
For stocks, I am experimenting with efficiency as defined by high - low as a ratio to average true range for the measure, and I am filtering by a ratio of average intraday range to average true range to avoid gaps. Unfortunately the most "efficient" way for a stock to move is to teleport (gap).
For stocks, I am experimenting with efficiency as defined by high - low as a ratio to average true range for the measure, and I am filtering by a ratio of average intraday range to average true range to avoid gaps. Unfortunately the most "efficient" way for a stock to move is to teleport (gap).