Sunday, 23 May 2021

Typical Price

 

Typical Price is an approximate arithmetic average. Some people call this a Pivot point

How to calculate:

High: H

Low: L

Some people use this Open: O      TP= (H+L+O+C)/4

Close: C

The formula is as below:

TP= (H+L+C)/3


Strategy:

Combine this with a moving average.

Signal: Every time TP crosses above MA it gives us a buy signal

A TP crossing below the MA produces a sell signal.




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