Definitions
In plain terms
It measures the full observed price span, including the body and both shadows.
Technical
The calculation requires consistent high and low fields, units, adjustment basis, eligibility, and finalized interval.
Scope
Range is not volatility unless a specific volatility estimator defines it as an input.
Formula
Candle range = H - LR=H-L| Symbol | Meaning | Unit |
|---|---|---|
H | bar high price | price |
L | bar low price | price |
Output unit: price
Examples
- A governed lesson uses Candle Range only with declared inputs, timing, parameters, and edge-case behavior.
Common misconceptions
- Range is not volatility unless a specific volatility estimator defines it as an input.
Concept relationships
Where this concept is used
Evidence and governance
- Chart Types: Candlestick, Line, and Bar CME Group · official exchange
Supports: preferred label, short definition, technical definition, formula
Limits: Display colors and pattern interpretations are conventions rather than universal predictive rules.
- Candlestick Chart Nasdaq · official exchange
Supports: variant distinction
Limits: The short glossary entry does not define bar aggregation, data corrections, thresholds, or pattern-detection rules.
- Reviewed by
- fintech-builder-batch-006
- Last reviewed
- 2026-07-27
- Next review
- 2027-07-27
- Record status
- evidence reviewed
This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.