Decoded Intelligence Signal
True Range
intermediate
technical_analysis
Verified: May 27, 2026Lexicon Core Definition
The largest of three values: (1) current high minus current low, (2) absolute value of current high minus prior close, (3) absolute value of current low minus prior close. True Range captures gap opens and closes that simple range (high minus low) ignores, producing a more accurate measure of actual intraday price movement.
Analysis Breakdown
The largest of three values: (1) current high minus current low, (2) absolute value of current high minus prior close, (3) absolute value of current low minus prior close. True Range captures gap opens and closes that simple range (high minus low) ignores, producing a more accurate measure of actual intraday price movement. Full explanation coming soon when Journey 14 content is ingested.