Lesson / WY-02-08
For normal transaction-price OHLC satisfying L ≤ C ≤ H and H > L, this course defines the 0–1 normalized closing position as CP=(C-L)/(H-L). The numerator measures the close’s distance above the low; the denominator normalizes that distance by the bar’s full range. CP near 1 means a close near the high, near 0 a close near the low, and 0.5 the midpoint. Bars with different absolute ranges can thus be compared on the same scale.
Course content is for learning and research only. It is not investment advice.
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7 lessons · Chapter contents
01Open, High, Low, and Close: Checking the Basic Data↗02High-Low Spread, Body, and Wicks: Different Measurements↗03Closing Position: Where Price Finishes within the Bar↗04Relative Range: Comparing a Bar with Earlier Volatility↗05Progress, Overlap, and Reactions across Successive Bars↗06Gaps, Unfinished Bars, and Observation Time↗07How Structural Location Qualifies a Single Bar↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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