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 the Low for the day.
• High for the day minus the Close for the previous day. 
• Close for the previous day minus the Low for the current day.  

Related Examples

Windows Forms: Data Manipulation\Functions\Other Financial Functions