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adrianf 49 posts msg #332 - Ignore adrianf	1/15/2003 7:55:25 PM In 'chart settings' there is an option in 'add a column' called "Average Day Range". Can anyone explain what this is and how it is used?
tomb 267 posts msg #333 - Ignore tomb	1/16/2003 10:38:22 AM Hi, The "day range" and the "average day range" are fairly simple measures that find the difference between the high and low during the day, and presents that value as a percent of the closing price of the stock. The "average day range" computes an n-day simple moving average of the "day range". These measures can be used in the same way the "average true range(ATR)" is used -- as a measure of volatility. On StockFetcher, you can look for cases where the day range has reached new high or low levels or is above the current average. Below are some examples: Fetcher[show stocks where the day range is above 10 percent] Fetcher[show stocks where the average day range has been increasing for 5 days] Hopefully the above helps! Tom StockFetcher.com Support

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