|What is difference between Range and True Range?|
|What is difference between
Range and True Range?
16:27 Ensign Howard: Range is the spread between a bar's High and Low
16:28 Ensign Howard: True Range considers the prior bar's close in the spread to see if it is lower then the bar's Low or higher than the bar's High
16:29 Ensign Howard: So True Range consider the movement that might have occurred in the gap up or down from yesterday's close. So if Yesterday close is inside of this bar's range, then True Range and Range are the same value.