Intraday Trend and Target Calculator

Formula

The formula to calculate the intraday trend (IDT) is:

\[ IDT = \frac{H + L + C}{3} \]

Where:

$ IDT $ is the intraday trend ($).
$ H $ is the intraday high ($).
$ L $ is the intraday low ($).
$ C $ is the intraday closing ($).

Example

Let's say the intraday high ($ H $) is $150, the intraday low ($ L $) is $140, and the intraday closing ($ C $) is $145. Using the formula:

\[ IDT = \frac{150 + 140 + 145}{3} \]

We get:

\[ IDT = \frac{435}{3} = 145 \]

So, the intraday trend ($ IDT $) is $145.

What is an Intraday Trend?

The intraday trend is a measure of the average price level of a stock or asset during a single trading day. It is calculated by averaging the high, low, and closing prices of the day. This metric helps traders and investors understand the overall direction and momentum of the market within that day.