The typical price formula calculates the average value of daily high, low, and close prices.
.gif "Sample plot of the typical price indicator")
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