Do we have a true range indicator?
It works so:
The True Range Indicator calculates the greatest price movement within a bar, including gaps, by taking the maximum of: (1) the current bar's High-Low range, (2) the absolute difference between the current High and the previous Close, and (3) the absolute difference between the current Low and the previous Close. It provides a robust measure of volatility that accounts for intra-bar price action and session gaps. This calculation is fundamental for developing indicators like the Average True Range (ATR) and other volatility-based strategies.
It works so:
The True Range Indicator calculates the greatest price movement within a bar, including gaps, by taking the maximum of: (1) the current bar's High-Low range, (2) the absolute difference between the current High and the previous Close, and (3) the absolute difference between the current Low and the previous Close. It provides a robust measure of volatility that accounts for intra-bar price action and session gaps. This calculation is fundamental for developing indicators like the Average True Range (ATR) and other volatility-based strategies.
Rename
TR.
The "Filter" field is searchable. Did you try to type "true range" in for a search?
The "Filter" field is searchable. Did you try to type "true range" in for a search?
I just found it now. Its called "TR", not "TrueRange". Thanks for your support.
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