TrueRange (Function)

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The TrueRange function returns the difference between the TrueHigh and TrueLow values.

Syntax

TrueRange

Returns (Double)

A numeric value containing the difference between the TrueHigh and TrueLow for the current bar.

Parameters

None

Remarks

This function is similar to Range except that it uses the TrueHigh and TrueLow values that take in to account the previous bar close in addition to the current bar  High and Low.  

TrueRange is defined as the larger of the following:

  • The distance between today’s High and today's Low.

  • The distance between today’s High and yesterday's Close.

  • The distance between today’s Low and yesterday's Close.

Example

Plot1(TrueRange, "TRange");