Close Location Value - CLV


DEFINITION of 'Close Location Value - CLV'

A measure used in technical analysis to determine where the price of the asset closes relative to the day's high and low. The CLV ranges between +1 and -1, where a value of +1 means the close is equal to the high and a value of -1 means the close is equal to the day's low.

Close Location Value (CLV)

BREAKING DOWN 'Close Location Value - CLV'

The close location value is most commonly known for its role in the calculation of the accumulation/distribution line, an indicator used to determine the rate at which money flows into or out of a given security. Implementing the close location value into other technical indicators like the one mentioned above is becoming more popular because it is often regarded as a better measure for the period's activity than relying solely on the closing price.

  1. Indicator

    Indicators are statistics used to measure current conditions ...
  2. Today's High

    A security's intraday high trading price. Today's high is the ...
  3. Accumulation/Distribution

    A momentum indicator that attempts to gauge supply and demand ...
  4. Today's Low

    A security's intraday low trading price. Today's low is the lowest ...
  5. Closing Price

    The final price at which a security is traded on a given trading ...
  6. Dead Cat Bounce

    A temporary recovery from a prolonged decline or bear market, ...
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