The Close Location Value (CLV) relates the day's close to its trading range.
Usage
CLV(HLC)
Value
A object of the same class as HLC or a vector (if
try.xts fails) containing the Close Location Values of a
High-Low-Close price series.
Arguments
HLC
Object that is coercible to xts or matrix and contains
High-Low-Close prices.
Author
Joshua Ulrich
Details
The CLV will fall in a range of -1 to +1. If the CLV is +/-1, the close is
at the high/low; if the CLV is 0, the close is directly between the high and
low.