Overload List
| Overload | Description |
|---|---|
| TypicalPrice(String,Series) | Evaluates the Typical Price of an asset within a given trading period. |
| TypicalPrice(Series) | Evaluates the Typical Price of an asset within a given trading period. |
| TypicalPrice(SeriesCollection) | Evaluates the Typical Price of an asset within a given 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 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.