OPEN-SOURCE SCRIPT
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David_FairPriceCandlestick_calculated

567
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.
Nota Keluaran
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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.