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TypicalPrice(SeriesCollection) Method
See Also 
dotnetCHARTING Namespace > FinancialEngine Class > TypicalPrice Method : TypicalPrice(SeriesCollection) Method


sc
A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.
Evaluates the Typical Price of an asset within a given trading period.

Syntax

Visual Basic (Declaration) 
Public Overloads Shared Function TypicalPrice( _
   ByVal sc As SeriesCollection _
) As SeriesCollection
Visual Basic (Usage)Copy Code
Dim sc As SeriesCollection
Dim value As SeriesCollection
 
value = FinancialEngine.TypicalPrice(sc)
C# 
public static SeriesCollection TypicalPrice( 
   SeriesCollection sc
)

Parameters

sc
A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.

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 day, 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-day system is used from the intra-period timing of trades, or when the trading party is given discretion on intra-period trading decisions.

See Also

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