Xceed Chart for WinForms v4.4 Documentation
Welcome to Xceed Chart for WinForms v4.4 / User Guide / Data Manipulation / Functions / True Range
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    True Range
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    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