The Typical Price indicates an average of each day’s price.
How this indicator works
The Typical Price indicator provides a simple, single-line plot of the day’s average price. Some investors use the Typical Price rather than the closing price when creating moving-average penetration systems.
The Typical Price is a building block of the Money Flow Index.
Typical Price is calculated by adding the high, low, and closing prices together, and then dividing by three. The result is the average, or typical price.
Typical Price = ( High + Low + Close ) / 3