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Studies · Price transforms

Typical Price

typicalPrice · Typical price — (high + low + close) / 3

Drawn over priceReads high, low, close
Hover the chart to read values · practice data: a seeded random walk with no overnight gaps

What it measures

The average of the high, low and close: (high + low + close) ÷ 3. A one-number summary of a bar.

How traders use it

  • Smoother than the close alone, so useful as the input to another study (for example an SMA of typical price).
  • It is the price that VWAP, the Money Flow Index, the Commodity Channel Index and Keltner Channels are built on.

Parameters

None — the study is fully defined by its formula.