Close location value

What does Close location value measure?

Where the close landed inside the candle. +1 means it closed right at the high, −1 right at the low, 0 in the middle.

How is Close location value calculated?

Take how far the close is above the low, subtract how far it is below the high, and divide by the candle's full range. A candle with no range at all scores 0.

Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.

How do I use Close location value in a bot?

In the builder, add an indicator of type clv. Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.

Related indicators

• Coeff of variationVolatility measured relative to price level, so a $10 stock and a $500 stock can be compared fairly.
• DrawdownHow far below its recent peak the stock is trading, in percent.
• Historical volHow volatile the stock has been, stated the way options traders state it: an annual percentage.
• KurtosisHow prone the stock has been to sudden jumps.

Or browse all 158 indicators in the full library.