- 23 Eki 2020
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.
The Close Location Value indicator is calculated like:
Close Location Value
((CLOSE - LOW) - (HIGH - CLOSE)) / (HIGH - LOW)
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.
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