MetaStock™ Zone Forum & FAQ Artykuły Linki Elliott Waves EasyLanguage™ Zone

A B C D E F G H I J K L M N O P R S T U V W Y Z #

Close Location Value
The Close Location Value (CLV) is one of the indicators using the location of Close
related to Low and High for the same period. It is, therefore, trying to spot the tendency in the price move of the security.
  • When the CLV and a stock price form a positive (negative) divergence, we consider it a bullish (bearish) signal.
  • When the CLV is crossing zero line. Positive CLV is considered bullish and vice versa.

The CLV is based on the daily price action, and therefore it is ignoring overnight gaps. Consider the stock falling dramatically overnight, and then regaining part of its value next day. The CLV will actually jump UP, as the "next day" price action is very bullish and the gap is not even considered by the indicator. To avoid this trap, keep an eye open for gaps, and do not rely on fast moves - to detect the divergence with confidence, allow it some time (2+ months) to mature.


The Close Location Value indicator is calculated like:


Close Location Value



This approach is working by determining the location of the Close compared to the Low and High. The indicator oscillates between -1 and 1, the closer the CLOSE is to the High, the closer it is to one, which is considered a bullish signal. The closer period's CLOSE is to Low, the closer the indicator value is to -1, which is considered bearish.
Source / From: TOP

Equis and MetaStock® and MetaStock Professional® are registered trademarks of Equis International. Achelis Binary Wave®, The DownLoader®,
Expert Advisor®, OptionScope®, Quotecenter® and Smart Charts® are trademarks of Equis International, a Thomson Reuters company.

TradeStation® Pro, TradeStation® 2000i, OptionStation®, SuperCharts®, PowerEditor® and EasyLanguage®
are registered trademarks of TradeStation Technologies, Inc. Other names and marks referred to are the property of their respective owners.

All information provided on this website is for educational purposes only. Trading involves risk, including possible loss of principal and other losses.

Ten i inne materiały na tej stronie zostały zamieszczone zostały jedynie w celach edukacyjnych, nie ponoszę żadnej odpowiedzialno¶ci za ich stosowanie.

Gra na giełdzie i rynkach walutowych (FOREX) niesie ze sob± ryzyko poważnych strat finansowych!