Difference between revisions of "Typical Price"
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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...") |
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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. | 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]] | + | Using the Typical Price instead of a simple [[Mov Avg 1 Line|Moving Average]] allows to take the High and Low prices into consideration. |
== Default Inputs == | == Default Inputs == | ||
Latest revision as of 09:48, 13 October 2021
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.
Using the Typical Price instead of a simple Moving Average allows to take the High and Low prices into consideration.
Default Inputs
Length (9) - number of bars included in the Typical Price average calculation.
Plots
Plot1 (TypPrice, Yellow) - Typical Price value.
Plot 2 (Avg, Red) - average of the Typical Price value.
Note: The plots will be displayed in the same sub chart as the price data when the indicator is applied to a chart.
