True Range

TRANGE measures the range of price movement and is the maximum of three price ranges.

Method

tm.ta.trange(source_high, source_low, source_close)

Inputs

Parameter	Argument type	Description	Default Value
source_high	pd.Series	High prices series	-
source_low	pd.Series	Low prices series	-
source_close	pd.Series	Close prices series	-

Outputs

Output	Type
trange	np.ndarray

Example usage

strategy.py

import tradomate as tm

@tm.strategy()
def my_strategy(config: tm.TradomateConfig, data: tm.TradomateData):

    # Trying out True Range
    trange = tm.ta.trange(data.high, data.low, data.close)

    # Get the last value and print
    last_value = trange.iloc[-1]
    tm.log(f"Last value of True Range is {last_value}")

    # Plot the values of trange
    tm.plot(trange, title="True Range", overlay=False)