mirror of
https://github.com/mihakralj/QuanTAlib.git
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Miha Kralj
24e86d762a
- Updated BBWN, BBWP, CCV, CV, CVI, EWMA, GKV, HLV, HV, Jvolty, JVOLTYN, MASSI, NATR, RSV, RV, RVI, TR, UI, VOV, VR, YZV indicators with documentation links. - Added documentation links for Aberration, Acceleration Bands, Andrews' Pitchfork, Adaptive Price Zone, ATR Bands, Bollinger Bands, Center of Gravity, Donchian Channels, Decay Min-Max Channel, Detrended Synthetic Price, EACP, EBSW, HOMOD, Jurik Volatility Bands, Keltner Channel, MA Envelope, Min-Max Channel, Price Channel, Regression Channels, Standard Deviation Channel, Stoller Average Range Channel, Super Trend Bands, Ultimate Bands, Ultimate Channel, VWAP Bands, and VWAP with Standard Deviation Bands.
23 lines
547 B
Plaintext
23 lines
547 B
Plaintext
// The MIT License (MIT)
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// © mihakralj
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//@version=6
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indicator("True Range", "TR", overlay=false)
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//@function Calculates the True Range
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//@returns True Range value for the current bar
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tr() =>
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float prevClose = nz(close[1], close)
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float tr1 = high - low
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float tr2 = math.abs(high - prevClose)
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float tr3 = math.abs(low - prevClose)
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float trueRange = math.max(tr1, math.max(tr2, tr3))
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trueRange
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// ---------- Main loop ----------
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// Calculation
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trValue = tr()
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// Plot
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plot(trValue, "TR", color=color.yellow, linewidth=2)
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