typprice

Typical price

Using a fints object for the Data argument of typprice is not recommended. Use a matrix, timetable, or table instead for financial time series. For more information, see Convert Financial Time Series Objects fints to Timetables.

Syntax

TypicalPrice = typprice(Data)

Description

TypicalPrice = typprice(Data) calculates the typical prices from the series of high, low, and closing prices. The typical price is the average of the high, low, and closing prices for each period.

Examples

Calculate the Typical Price for a Data Series for a Stock

Load the file SimulatedStock.mat, which provides a timetable (TMW) for financial data for TMW stock.

load SimulatedStock.mat
TypicalPrice = typprice(TMW);  
plot(TypicalPrice.Time,TypicalPrice.TypicalPrice)
title('Typical Price for TMW')

Input Arguments

Data — Data for high, low, and closing prices

matrix | table | timetable

Data for high, low, and closing prices, specified as a matrix, table, or timetable. For matrix input, Data is an M-by-3 matrix of high, low, and closing prices stored in the corresponding columns. Timetables and tables with M rows must contain variables named 'High', 'Low', and 'Close' (case insensitive).

Data Types: double | table | timetable

Output Arguments

TypicalPrice — Typical price series

matrix | table | timetable

Typical price series, returned with the same number of rows (M) and the same type (matrix, table, or timetable) as the input Data.

References

[1] Achelis, S. B. Technical Analysis from A to Z. Second Edition. McGraw-Hill, 1995, pp. 291–292.

Version History

Introduced before R2006a