TypicalPrice
Typical Price — the bar's
(high + low + close) / 3, a single representative price per candle.
Quick reference
| Field | Value |
|---|---|
| Family | Price Statistics |
| Input type | Candle (uses high, low, close) |
| Output type | f64 |
| Output range | unbounded (price scale) |
| Default parameters | none (no parameters) |
| Warmup period | 1 |
| Interpretation | A representative per-bar price; a smoother stand-in for the close. |
Formula
TypicalPrice = (high + low + close) / 3The typical price collapses a full OHLC bar to one number, giving the close no more weight than the two extremes. It is the price series that Cci and Mfi are defined on, and a common input to feed any close-driven indicator when you want the bar's range reflected in the value.
Parameters
TypicalPrice takes no parameters — TypicalPrice::new() in Rust, wickra.TypicalPrice() in Python, new ta.TypicalPrice() in Node.
Inputs / Outputs
From crates/wickra-core/src/indicators/typical_price.rs:
use wickra::{Indicator, TypicalPrice, Candle};
// TypicalPrice: Input = Candle, Output = f64
const _: fn(&mut TypicalPrice, Candle) -> Option<f64> = <TypicalPrice as Indicator>::update;TypicalPrice is a candle-input indicator that reads high, low and close. In Python the streaming update accepts a 6-tuple or a dict; the batch helper takes high, low, close numpy arrays. Node and WASM expose update(high, low, close) and the matching batch.
Warmup
TypicalPrice::new().warmup_period() == 1. It is a stateless per-bar transform — it emits a value from the very first candle.
Edge cases
- No warmup. Every candle produces a value immediately.
- Reset.
tp.reset()only clears theis_readyflag; there is no rolling state to discard.
Examples
Rust
use wickra::{Candle, Indicator, TypicalPrice};
fn main() -> Result<(), Box<dyn std::error::Error>> {
let mut tp = TypicalPrice::new();
let v = tp.update(Candle::new(9.0, 12.0, 6.0, 9.0, 1.0, 0)?);
println!("{:?}", v);
Ok(())
}Output:
Some(9.0)(12 + 6 + 9) / 3 = 9. This matches the reference_value test in crates/wickra-core/src/indicators/typical_price.rs.
Python
import numpy as np
import wickra as ta
tp = ta.TypicalPrice()
print(tp.batch(np.array([12.0]), np.array([6.0]), np.array([9.0])))Output:
[9.]Node
const ta = require('wickra');
const tp = new ta.TypicalPrice();
console.log(tp.batch([12], [6], [9]));Output:
[ 9 ]Interpretation
Use it wherever you would use the close but want the bar's range to count — feeding a moving average, an oscillator, or a band. It is marginally smoother than the raw close because a wild close is pulled back toward the bar's mid.
Common pitfalls
- Feeding it scalar prices. It needs the full
high/low/closebar.
References
The Typical Price (also "pivot price"); the (H + L + C) / 3 definition is standard (StockCharts, TA-Lib's TYPPRICE).
See also
- Indicator-MedianPrice —
(H + L) / 2. - Indicator-WeightedClose —
(H + L + 2C) / 4. - Indicators-Overview — the full taxonomy.