Typical Price – Average

A typical price is the average of the high, low and close of the session.

For this indicator, the average price for each session is plotted on the chart.

The indicator is useful for determining whether the closing price of an instrument is above or below the typical price.

Price consistently closing above the average price indicates the strength of the bullish trend. The price consistently closing below the typical price illustrates a bearish trend.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.