David_FairPriceCandlestick_calculated

7 มิ.ย.

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.

16 มิ.ย.

เอกสารเผยแพร่

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.