On unisearch, it would be useful to have ATR as a parameter; also price/ATR.
ATR is an excellent measure of a stock's volatility. If the ATR is exceptionally high, or high relative to the stock price, the stock will be untradeable. Therefore, it would be useful to be able to screen out such stocks.
3
votes
Alan Burke
shared this idea
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Michael Ellis
commented
The only thing I disagree with here is it should be ATR/Actual Price, not Price/ATR. The former gives the equivalent of a percentage that enables stock to stock comparison for volatility and an easy conversion to a 1X, 2X or 3X trailing stop. More specifically, too, it needs to be a parameter in both graph layout as well as search parameters.