Close Location Value - CLV
Close Location Value is a technical analysis measurement, used to determine the closing price of an asset, in relation to its daily high and low prices.
CLV fluctuates between -1 and +1, where -1 means that closing price is equal to daily low, and +1 means that closing price is equal to daily high price.
Close Location Value is calculated by the following formula:
CLV= (closing price - daily low) - (daily high - closing price) / (daily high - daily low)
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