OPEN-SOURCE SCRIPT

David_FairPriceCandlestick_calculated

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Description:
This indicator displays the "Typical Price" for each candle as a visual marker (cross) directly on the chart. The Typical Price is calculated as the average of the High, Low, and Close values of each bar:
(High + Low + Close) / 3

The marker provides a quick visual reference to the fair or average price level within every single candle.
Unlike a Point of Control (POC) or volume-based indicators, this script works purely with price data and is independent of volume or order flow.

Use cases:

Identify where most trading activity may have been concentrated within the candle (for price-based strategies)

Support as a reference line for mean-reversion or fair value concepts

Works on all timeframes and instruments

Customization:
You can easily change the marker style (cross, dot, triangle, etc.) and color within the script.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.