MetaStock Typical Price Function

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The Typical Price is a simple concept and can be used as an alternative to the closing prices in moving average calculations. It is a one period average of the security's price.


The Typical Price indicator is calculated by adding the high, low, and closing prices together, and then dividing by three. The result is the average, or typical price.

SYNTAX Typical()


Here is an example using the Typical indicator:


In the above example, a 15 period simple moving average of the typical price is being calculated and not of the closing price

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