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True Range (TR) for Metastock
matz
over 14 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock

Welles Wilder described these calculations to determine the trading range for a stock or commodity. True Range is defined as the largest of the following:

  • High for the period less the Low for the period.
  • High for the period less the Close for the previous period.
  • Close for the previous period and the Low for the current period.

Screenshots

Files

MS90FORM.DTA

Indicator / Formula

True Range (TR)
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1
(H - L + Abs(H - Ref(C,-1)) + Abs(L - Ref(C,-1)) )/2

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