|
|
|
|
|
Description |
This formula identifies the difference between the current close and the current low, an essential determination in calculating Wilder's True Range. |
|
|
|
|
Formula |
CloseLowDiff(instrument)=begin retval = NONUM val1 = VChart(instrument.last) if instrument.low != NONUM then begin val2 = instrument.low if val1 != NONUM then retval = Diff(val1, val2) end retval end |
|
|
|
|
Parameters |
instrument The instrument argument specifies which instrument to evaluate. |
|
|
|
|
Return Value |
A difference between the close and low. |
|
|
|
|
Examples |
TrueRange(instrument)=if(HighLowDiff(instrument) > HighPreviousCloseDiff(instrument), if(HighLowDiff(instrument) > CloseLowDiff(instrument), HighLowDiff(instrument), CloseLowDiff(instrument)), if(HighPreviousCloseDiff(instrument) > CloseLowDiff(instrument), HighPreviousCloseDiff(instrument), CloseLowDiff(instrument))) |
|
|
|
|
Comments |
NA |
©2008 Aspen Research Group, Ltd. All rights reserved. Terms of Use.