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Forex
 

Indices
 

True Range (TR)

True Range (TR) is indicator in technical analysis developed by Welles Wilder.

True range is calculated by formula:

Formula for True Range

True Range (TR)
True Range (TR)


Interpretation

True range is usually not used alone, but rather in other indicators like average true range or directional movement system.


Example

Open chart for google with true range indicator.


< TRIX
Typical price >