Citigroup recently produced a report that suggested they amounted to around 1 per cent of the value of the Australian Stock Exchange — about the same scale as
the average daily movement on the index.
Average daily volume exceeds 13M shares, and
average daily movement tops 4.5 % per day.
Not exact matches
20 — 30 pips or even more may be more appropriate, depending on the
movement of the pair and the
average daily range.
Well, TLV ignores that second factor and looks only at standard deviation, or the degree to which a stock's
daily price
movements vary around its
average.
As it is visible on the
daily chart, the moving
averages crossover also implies the continuation of the downside
movement.