FTB-C000462 / Formula component

True Range Intrabar Component

True Range Intrabar Component is the current bar's high minus its low.

Also known asTR high-low component

Foundation Formula defined 1 linked topicPublished

Definitions

In plain terms

It is the ordinary bar span and one of the three candidates used by True Range.

Technical

The component is H_t minus L_t in price units and requires a valid finalized bar with H_t greater than or equal to L_t.

Scope

It does not include a gap from the previous close and is not necessarily the winning True Range component.

Formula

Intrabar component = current high - current low
LaTeX: R^{HL}_t=H_t-L_t
SymbolMeaningUnit
H_tcurrent highprice units
L_tcurrent lowprice units

Output unit: price units

Examples

  • A reviewer traces True Range Intrabar Component from aligned inputs through its first-ready row and edge cases before accepting a displayed value.

Common misconceptions

  • It does not include a gap from the previous close and is not necessarily the winning True Range component.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Evidence and governance

  1. True Range TA-Lib · first party technical publication

    Supports: preferred label, short definition, technical definition, formula

    Limits: TA-Lib leaves the first row unavailable; the local D07 contract explicitly uses a high-low fallback.

Reviewed by
fintech-builder-batch-009
Last reviewed
2026-07-30
Next review
2027-07-30
Record status
published