FTB-C000425 / Formula component

Negative Range Position

Negative Range Position expresses how far a value lies below an upper bound as a negative fraction of the full range.

Also known asclose-below-high normalization

Intermediate 1 linked topicPublished

Definitions

In plain terms

Williams Percent R scales this fraction by 100.

Technical

The calculation freezes upper and lower bounds, value, scale, zero-width behavior, timestamps, and precision.

Scope

The negative sign is a scale convention and does not itself imply a negative return.

Examples

  • A governed lesson calculates or identifies Negative Range Position only after its inputs, window, state, scale, and edge cases are declared.

Common misconceptions

  • The negative sign is a scale convention and does not itself imply a negative return.

Concept relationships

Prerequisites

Related

Where this concept is used

Evidence and governance

  1. Williams Percent R TA-Lib · first party technical publication

    Supports: preferred label, short definition, technical definition

    Limits: Lookback endpoints, zero-range behavior, and threshold interpretation remain implementation and research choices.

Reviewed by
fintech-builder-batch-008
Last reviewed
2026-07-29
Next review
2027-07-29
Record status
published