Typical Price

Sameer 2010.10.15 00:29

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.

Ahmed Soliman 2010.10.15 00:39 #1

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

PRICE_TYPICAL

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

Sameer 2010.10.15 09:13 #2

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

Thanks codersguru .