True Range
True Range defined as the maximum of:
1) Range (current measure);
2) Absolute difference between current day's high price and prior day's closing price; and,
3) Absolute difference between current day's low price and prior day's clsoing price.
1
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James DeGiorgio
shared this idea
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James DeGiorgio
commented
I think many VV users would find a True Range very valuable for setting stop prices.