small range days large gaps overnight movement abnormally large opening ranges ( first 15, 30, 60 mins, etc) abnormally large volume ( first 15, 30, 60 mins, etc) larger transaction sizes than normal
I've been investigating opening ranges, 8-9am as opposed to 9-10am and volume for same time period. Seems like if volume really increases from 9-10 vs 8-9 it lends itself to larger range days.
Like I stated in my first post, the ATR%(14) will at least tell you the expected difference between the high and low. So, if the ATR%(14) is 7% and the Current Day's ATR% is close to 7% then you can expect it to be done moving. Whereas, if the Current Days ATR% is only 2% then you can expect a 5% move ahead. Then it is just a matter of using other indicators to determine which direction that 5% move is going to go. Again, like I said, there is no single indicator that can tell you everything, but multiple indicators combined together can be amazingly foretelling. I don't believe in chasing the market. Every once in awhile something out of the ordinary will happen, like even though the ATR%(14) is 7%, there will be days when the stocks range jumps to 12% for that day. Fine, then I miss out on that extra profit potential for that day. However, it is unrealistic to buy a stock with the expectation that it is going to go up 12% in a day, if it has never gone up more than 7% before. Similarly it is unrealistic to think that a stock is going to go up while 99% of the stocks in the stock market are all going down. That is a good way to just throw your money away!! Ed