Typical Price

The typical price overlay draws a line for the average of the high, low and close prices.

Typical Price Example

This example shows typical price overlaid onto a candlestick chart:

You may wish to view just the typical price. To do so, set the Price Style to 'Not Visible' to produce a chart like the one below:

Typical Price Parameters

There are no parameters for this overlay.

Typical Price Calculation

The calculation for each bar is as follows:

( Close[bar] + High[bar] + Low[bar] ) / 3

Try a typical price chart or a typical price screen.