typprice

Typical price

typprice has been partially removed and will no longer accept a fints object (tsobj) argument. Use a matrix, timetable, or table instead for financial time series.

Use fts2timetable to convert a fints object to a timetable object.

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.