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The Typical Price indicator is an average of the day's price, and is therefore similar to the Median Price and the Weighted Close. Used to give a single-line plot of the day's average price, the Typical Price is calculated by adding the high, low, and closing prices together, and then dividing by three. For day trading, the Typical Price may help you to get a clearer view of what the main thrust of the day's action was. . |
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