What it does
Typical Price averages the three most referenced prices of each bar: the high plus the low plus the close, divided by three. Weighting the close alongside the range extremes makes it a better one-number summary of where trading was concentrated than the midpoint alone. It is the standard input for VWAP, CCI, and Money Flow Index calculations.
Typedraws on the price chart
How to add it
Click Indicators (ƒx) in the header.
Search “Typical Price” and click the result.
Hover its legend row and click the gear to open settings.
How traders use it
- Use it as the source for moving averages, VWAP-style calculations, and pivot points when you want the close's influence included but softened.
- A moving average of typical price gives a slightly faster, smoother trend line than one built on closes alone.
- When analyzing indicators built on it, such as CCI or MFI, remember their readings reflect the whole bar's positioning, not just the close.
- Comparing typical price to the close highlights bars that closed unusually strong or weak within their range.
Inputs
This indicator has no configurable inputs — it works out of the box.
Plots & styling
| Plot | Style | Default color |
|---|---|---|
| Typical Price | line | #FF6D00 |
Every plot's color, line width and visibility can be changed on the Style tab. Precision, price-scale labels and status-line values are configurable at the bottom of the Style tab.
Tips
- Double-click any of its lines to jump straight into the settings dialog.
- Save the configured chart as a study template (Indicators menu) to reapply this exact setup elsewhere.
- Right-click the indicator's line for quick actions — settings, visibility and removal without hunting through menus.
Watch out for
- It is a descriptive transform, not a signal; it only matters through the indicators that consume it.
- Equal weighting of high, low, and close can misrepresent bars with long spike wicks, dragging the value toward a briefly touched extreme.