Skip to main content

TYPPRICE

Type: typprice • Category: indicators

Description​

Typical Price

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
closestringLista cen zamknięciano

Help​

TYPPRICE

Typical Price Indicator for Financial Markets​

Description​

The TYPPRICE worker calculates the Typical Price, a widely used indicator in financial markets to gauge the average price of a security. It is particularly useful in analyzing and comparing price movements over time.

What does this worker do?​

The TYPPRICE worker takes the highest, lowest, and closing prices of a security as input and computes the Typical Price. The Typical Price is calculated as the average of the high, low, and close prices for a given period. This indicator helps traders and analysts smooth out price fluctuations and get a better sense of the market's direction.

How to Interpret the Results​

The Typical Price can be used in various ways:

  • Trend Identification: A rising TYPPRICE indicates an uptrend, while a falling TYPPRICE suggests a downtrend.
  • Comparison with Other Indicators: It can be used in conjunction with other indicators to confirm trading signals.

Parameters​

The TYPPRICE worker accepts the following parameters:

Parameters Schema (JSON)​

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "close": {
    "type": "string",
    "description": "List of closing prices"
  }
}

Detailed Parameters​

  • high: string - A list of the highest prices. This parameter is required for the calculation of the Typical Price.
  • low: string - A list of the lowest prices. This parameter is necessary for determining the range of price movements.
  • close: string - A list of closing prices. The closing price is a crucial component in calculating the Typical Price.

Usage​

To use the TYPPRICE worker, provide the lists of high, low, and close prices as input. Ensure that the lists are of the same length and correspond to the same time intervals. The worker will then compute and return the Typical Price for each period.