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Typical Price Formula

  • Article

The typical price formula calculates the average value of daily high, low, and close prices.

Formula Details

Syntax

Chart.DataManipulator.FinancialFormula(
    FinancialFormula.TypicalPrice,
    "High,Low,Close",
    "TP")

Input Values

This formula takes three input Y values.

  • High
    Daily high price.

  • Low
    Daily low price.

  • Close
    Daily close price.

Output Value

This formula outputs one Y value.

  • TP
    Typical price indicator.

Remarks

The Line chart type is a convenient chart type to display the formula output.

Example

The following example takes input from Series1's Y values for high low, and close prices respectively (Series1:Y,Series1:Y2,Series1:Y4) and outputs the typical price indicator on Series2 (Series2:Y).

Chart1.DataManipulator.FinancialFormula (FinancialFormula.TypicalPrice, "Series1:Y,Series1:Y2,Series1:Y4", "Series2:Y")

Chart1.DataManipulator.FinancialFormula (FinancialFormula.TypicalPrice, "Series1:Y,Series1:Y2,Series1:Y4", "Series2:Y");

See Also

Reference

Median Price Formula

Weighted Close Formula

System.Windows.Forms.DataVisualization.Charting

System.Web.UI.DataVisualization.Charting

Concepts

Applying Formulas

Other Resources

Price Indicators