True Range

True Range

J. Welles Wilder's True Range indicator was introduced in his book, Technical Trading Systems. It measures the daily range plus any gap from the closing price of the preceding day.

Configuration Options

  • Color Selectors: Colors to use for graph elements.
  • Display Axis Label: Whether to display the most recent value on the Y axis.


The True Range indicator equals the greater of the following:

  • High for the period less the Low for the period.
  • High for the period less the Close for the previous period.
  • Close for the previous period and the Low for the current period.