- #1
servant119b
- 1
- 0
I am not sure where to post this question, but I found this site through a google search. I ran across an equation used in trading futures:
True Range = Maximum(H-L, H-PDC, PDC-L)
H = Current High
L = Current Low
PDC = Previous Day's Close
What I am not sure of, does this question mean that True Range is the maximum of either H-L, H-PDC, or PDC-L? Like you figure out all 3 of them and then just pick the biggest and that is True Range?
Please put this in the easiest terms possible without using math lingo to answer the question.
True Range = Maximum(H-L, H-PDC, PDC-L)
H = Current High
L = Current Low
PDC = Previous Day's Close
What I am not sure of, does this question mean that True Range is the maximum of either H-L, H-PDC, or PDC-L? Like you figure out all 3 of them and then just pick the biggest and that is True Range?
Please put this in the easiest terms possible without using math lingo to answer the question.