CLV {TTR} | R Documentation |
The Close Location Value (CLV) relates the day's close to its trading range.
CLV(HLC)
HLC |
Object able to be coerced to a matrix, which contains High-Low-Close prices. |
The CLV will fall in a range of -1 to +1. If the CLV is +/-1, the close is at the high/low; if the CLV is 0, the close is directly between the high and low.
A vector containg the Close Location Values of a High-Low-Close price series.
Josh Ulrich
The following site(s) were used to code/document this indicator:
http://stockcharts.com/education/IndicatorAnalysis/indic_AccumDistLine.html
See chaikinAD
, which uses CLV.
data(ttrc) clv <- CLV(ttrc[,c("High","Low","Close")])