Liquidity Filter

Bid-Ask Spread Width (BASW)
formula: (Mid − Nat) × 2

Enter Nat and Mid
$0.30.50.80$1+
$0.05–$0.30 — Pristine
$0.31–$0.50 — Functional
$0.51–$0.80 — Warning Zone
$0.81+ — Hard Reject
Return On Risk

Spread Yield
formula: (Credit × 0.60) ÷ (Width − Credit)

Enter credit received
Profit Target

60% Closing Price
formula: Credit × 0.40

Enter credit received