True Range is defined as the greatest of the following three price ranges:
True Range = Maximum of ( High–Low, High– Close1, Close1–Low)
- High = high of current bar.
- Low = low of current bar.
- Close1 = close of previous bar.
True Range is defined as the greatest of the following three price ranges:
True Range = Maximum of ( High–Low, High– Close1, Close1–Low)