Brian Lee
Jul 22, 2025
\(DV_{adjlow}\) sets the lower limit of the volatility range after applying the scaler \(DV_{scaler}\). Starting from the opening price Underlying Opening Price (\(UP_{opening}\)), subtract the scaled daily volatility portion:
\[DV_{adjlow} = UP_{opening} - (DV_{scaler} \times UP_{opening} \times DV)\]