Technical Studies Reference
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True Range
This study calculates and displays the True Range of the price data at each Index.
Let the High, Low, and Closing Prices at Index \(t\) be denoted as \(H_t\), \(L_t\), and \(C_t\), respectively. The True Range at Index \(t\) is denoted as \(TR_t\), and we compute it as follows.
\(\displaystyle{TR_t = \left\{ \begin{matrix} \max\{H_0 - L_0, |H_0 - C_0|, |L_0 - C_0|\} & t = 0 \\ \max\{H_t - L_t, |H_t - C_{t - 1}|, |L_t - C_{t - 1}|\} & t > 0 \end{matrix}\right .}\)Inputs
This study has no Inputs.
Spreadsheet
The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.
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*Last modified Monday, 03rd October, 2022.