Charts

Typical Price

Description

The Typical Price indicator takes the simpgle average between the close, high, and low prices.

Selecting the Typical Price indicator allows you to set the Period (as number of minutes), whether the indicator displays as an Overlay on the chart, and the color of the result.

Formula

The Typical Price indicator adds the high, low, and close prices. The total is then averaged (i.e., divided by a factor of 3).

\(\frac{Close + High + Low}{3})\