TypicalPrice(String,Series) Method

Evaluates the Typical Price of an asset within a given trading period.

[Visual Basic]
Overloads Public Shared Function TypicalPrice( _
   ByVal seriesName As String, _
   ByVal s As Series _
) As Series

[C#]
public static Series TypicalPrice( 
   string seriesName,
   Series s
);

Parameters

seriesName

The name of the series which will be displayed on the chart, i.e. its label.

s

The financial 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

FinancialEngine Class  | FinancialEngine Members  | Overload List

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