True Range
The True Range is a measure of volatility introduced by Welles Wilder in his
book: New Concepts in Technical Trading Systems.
The True Range indicator is the greatest of the following:
- current high less the current low.
- the absolute value of the current high less the previous close.
- the absolute value of the current low less the previous close.
Syntax:
Public Function TrueRange(ByVal HLOCV()() As Double) As Double
Parameters:
- ByVal HLOCV()() As Double
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Example:
Dim TA4Net As
New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")
Dim Result() As
Double
Dim
HLOCV(,) As
Double
' loading values to array
HLOCV =
GetHLOCVValues()
' calculating Technical Analysis function
Result = TA4Net.TrueRange(HLOCV)
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