Typical Price

 

Hi all,

Typical Price is another approximation of average price for each period and can be used as a filter for moving average systems.

Calculated as: (High + Low + Close) / 3

Intel is shown with EMA 21-day exponential moving average (MA) and Typical PriceTypical Price (TP), used as a filter.



Could you kindly create this indicator, as it is available in metastock but not in metatrader.

Thanks in advance.

 

On of the MetaTrader Moving Average indicator Applied Prices is the Typical price.

PRICE_TYPICAL 5 Typical price, (high+low+close)/3.
 

daaaaa, its already there, and i couldn't see it !!

Thanks codersguru .