11 Close Location Value (CLV)

CLV quantifies the position of the close price relative to the high and low. Spots the tendency in the price move of the security. Ranges from +1.0 to -1.0; a higher positive value indicates the closing price is nearer to the day’s high price (going bull) and a greater negative value indicates that the closing price is nearer to the day’s low price (going bear).

Figure 8.17: Close Location Value

It is used as part of other indicators.

Figure 8.18: Close Location Value