Decimal Close Return: Definition and Formula

Definitions

A 2% rise is represented as 0.02 before it is multiplied by volume.

r_t = (C_t-C_(t-1))/C_(t-1), requiring a nonzero prior close; the contract uses decimal, not percent, units.

Multiplying by 100 before applying volume changes the VPT scale by 100.

r_t = (C_t-C_(t-1))/C_(t-1)

LaTeX: r_t = \frac{C_t-C_{t-1}}{C_{t-1}}

Symbol	Meaning	Unit
`C_t`	current close	price

Output unit: decimal return

A reviewer computes Decimal Close Return from a small OHLCV fixture and checks readiness, units, and edge cases before publication.

Price Volume Trend (PVT) TradingView · official platform documentation
Supports: preferred label, short definition, technical definition, formula
Limits: Does not prescribe an adjustment policy, forecast, or trade direction.
On-Balance Volume (OBV) TradingView · official platform documentation
Supports: preferred label, short definition, technical definition, formula
Limits: Does not establish predictive power, trading profitability, or a universal divergence rule.
Volume indicators function group TA-Lib · first party technical publication
Supports: preferred label, short definition, technical definition, formula
Limits: Library compatibility does not by itself prove a project's seed, warm-up, or missing-data policy.
Closing Price Investor.gov · official standard
Supports: preferred label, short definition, technical definition, formula
Limits: A close is not automatically an adjusted close and may vary by market session convention.
What Is Volume? CME Group · official exchange
Supports: preferred label, short definition, technical definition, formula
Limits: Futures contract conventions do not define every equity or digital-asset volume feed.

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.