Filters.TypicalPrice Method

Evaluates the Typical Price of an asset within a given trading period.

public double TypicalPrice(
   double high,
   double low,
   double closing
);

Parameters

high: The highest traded price of the asset within the trading period considered.
low: The lowest traded price of the asset within the trading period considered.
closing: The closing price of the asset on the trading period considered.

Return Value

Double value giving the typical value of a trading period.

Remarks

The typical price is just the arithmetic average of the high, low and closing price for the trading period considered. Generally speaking the period considered will be a single trading period, however the typical price is equally applicable to other time spans and hence the period considered could be (for example) a month or year.

Applications

The Typical Price is often used in place of the closing price in the development of trading systems in which either another intra-period system is used from the intra-period timing of trades, or when the trading party is given discretion on intra-period trading decisions.

Exceptions