Hi, I came across typical price, but I can't figure out what it really means.
On this website they explain whery well:
https://www.fidelity.com/learning-c...lysis/technical-indicator-guide/typical-price
The Typical Price indicates an average of each day’s price.
Typical Price = ( High + Low + Close ) / 3
I don't know if this is calculated on each candle, I assume that it's calculated per candle-bar... well I don't know if this indicator is affidable... in the example it shows that the price penetrate the moving avearage , but the typical price NOT
How could I build this indicator? My broker has not it. I can't code.
On this website they explain whery well:
https://www.fidelity.com/learning-c...lysis/technical-indicator-guide/typical-price
The Typical Price indicates an average of each day’s price.
Typical Price = ( High + Low + Close ) / 3
I don't know if this is calculated on each candle, I assume that it's calculated per candle-bar... well I don't know if this indicator is affidable... in the example it shows that the price penetrate the moving avearage , but the typical price NOT
How could I build this indicator? My broker has not it. I can't code.