The True Range (TR) was developed by John Welles Wilder, Jr.. The range (R) is a candle's
highest price minus it's lowest price. The true range extends it to yesterday's closing price if it was
outside of the current range.
Low return values indicate a sideways trend with little volatility.
True Range (TR) Type: Volatility
The True Range (TR) was developed by John Welles Wilder, Jr.. The range (R) is a candle's highest price minus it's lowest price. The true range extends it to yesterday's closing price if it was outside of the current range.
Low return values indicate a sideways trend with little volatility.
See
https://www.linnsoft.com/techind/true-range-tr