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TypicalPrice

Typical Price — the bar's (high + low + close) / 3, a single representative price per candle.

Quick reference

FieldValue
FamilyPrice Statistics
Input typeCandle (uses high, low, close)
Output typef64
Output rangeunbounded (price scale)
Default parametersnone (no parameters)
Warmup period1
InterpretationA representative per-bar price; a smoother stand-in for the close.

Formula

TypicalPrice = (high + low + close) / 3

The 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 parametersTypicalPrice::new() in Rust, wickra.TypicalPrice() in Python, new ta.TypicalPrice() in Node.

Inputs / Outputs

From crates/wickra-core/src/indicators/typical_price.rs:

rust
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 the is_ready flag; there is no rolling state to discard.

Examples

Rust

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

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

javascript
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/close bar.

References

The Typical Price (also "pivot price"); the (H + L + C) / 3 definition is standard (StockCharts, TA-Lib's TYPPRICE).

See also