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Created page with "Typical Price calculates and plots the arithmetic average of High, Low and Close prices of the current bar. The average of the Typical Prices for the number of most recent ba..."
Typical Price calculates and plots the arithmetic average of High, Low and Close prices of the current bar. The average of the Typical Prices for the number of most recent bars specified in Length input is also calculates and plotted.
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Using the Typical Price instead of a simple [[Mov Avg 1 Line|Moving Average]] lets take the High and Low prices into consideration.
== Default Inputs ==
'''Length (9)''' - number of bars included in the Typical Price average calculation.<br>
== Plots ==
'''Plot1 (TypPrice, Yellow)''' - Typical Price value. <br>
'''Plot 2 (Avg, Red)''' - average of the Typical Price value. <br>
<div style="background-color: #E3FBE5;">'''Note''': The plots will be displayed in the same sub chart as the price data when the indicator is applied to a chart. </div>
[[Category:Pre-built Indicators]]
<br>
Using the Typical Price instead of a simple [[Mov Avg 1 Line|Moving Average]] lets take the High and Low prices into consideration.
== Default Inputs ==
'''Length (9)''' - number of bars included in the Typical Price average calculation.<br>
== Plots ==
'''Plot1 (TypPrice, Yellow)''' - Typical Price value. <br>
'''Plot 2 (Avg, Red)''' - average of the Typical Price value. <br>
<div style="background-color: #E3FBE5;">'''Note''': The plots will be displayed in the same sub chart as the price data when the indicator is applied to a chart. </div>
[[Category:Pre-built Indicators]]