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Chart for .NET / User's Guide / Data Manipulation / Functions / Financial Functions / Technical Indicators / True Range

In This Topic
    True Range
    In This Topic
     Syntax
    TR(close; high; low)
     Arguments
    True Range is usually used with OHLC charts.
    The three arguments are arrays:
    - 'close' contains the close values
    - 'high' contains the high values
    - 'low' contains the low values.
     Result
    The result is an array.
     Description
    The True Range indicator is the greatest of the following:

    - High for the day minus Low for the day.
    - The absolute value of: High for the day minus Close for the previous day.
    - The absolute value of: Low for the day minus Close for the previous day.
     Related Examples
    Windows Forms: All Examples\Data Manipulation\Functions\Financial\Technical Price Indicators