Typical Price (HLC Average) (TYPPRICE)

TYPPRICE calculates the typical price as the average of High, Low, and Close: (H+L+C)/3. This widely-used price transform provides a more representative price point than close alone by incorporating the bar's range. TYPPRICE is the most popular alternative price input for technical indicators. It balances range information (via high/low) with directional close, and by omitting open, TYPPRICE focuses on intrabar behavior. No parameters - purely derived from HLC values.

Cryptocurrency traders extensively use TYPPRICE as the standard alternative to close prices for indicators and moving averages. TYPPRICE is the default price input for many indicators like Money Flow Index (MFI) and is commonly used with moving averages and oscillators to reduce noise and improve signal quality. By averaging high, low, and close, TYPPRICE filters some random price spikes that affect close-only calculations. It's particularly effective for volume-weighted indicators and momentum oscillators. TYPPRICE is the go-to choice for traders seeking more robust price data without complex calculations.