retracement indicator

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  • daily reclimb indicator high low thinkorswim

    ThinkOrSwim Reclimb Indicator & Custom Quote Column

    Sale! $29.99 $19.99

    ThinkOrSwim Reclimb Indicator & Custom Quote Column

    $29.99 $19.99

    Reclimb is defined as the amount of the daily range that has been recovered after making a new low, expressed as a percent of the day's total range from high to low. So if a stock opens at 9.50, falls to 9, then makes a high at 10 before falling back to 9.75, then the stock's Reclimb is .75, or 75% of the daily range of $1 between $9 & $10. The same would be true on a down day, where the stock opens at 9.75, climbs to 10, falls to 9, and then reclimbs to 9.50 — in this case the reclimb is 50% or .5 of the daily range of $1 from 9 to 10.

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