Financial Time Series Toolbox

typprice

Typical price

Syntax

• tprc = typprice(highp, lowp, closep)
  tprc = typprice([highp lowp closep])
  tprcts = typprice(tsobj)
  tprcts = typprice(tsobj, ParameterName, ParameterValue, ...)
  

Arguments

highp	High price (vector)
lowp	Low price (vector)
closep	Closing price (vector)
tsobj	Financial time series object

Description

tprc = typprice(highp, lowp, closep) calculates the typical prices tprc from the high (highp), low (lowp), and closing (closep) prices. The typical price is the average of the high, low, and closing prices for each period.

tprc = typprice([highp lowp closep]) accepts a three-column matrix as the input rather than two individual vectors. The columns of the matrix represent the high, low, and closing prices, in that order.

tprcts = typprice(tsobj) calculates the typical prices from the stock data contained in the financial time series object tsobj. The object must contain, at least, the High, Low, and Close data series. The typical price is the average of the closing price plus the high and low prices. tprcts is a financial time series object of the same dates as tsobj containing the data series TypPrice.

tprcts = typprice(tsobj, ParameterName, ParameterValue, ...) accepts parameter name/parameter value pairs as input. These pairs specify the name(s) for the required data series if it is different from the expected default name(s). Valid parameter names are

• HighName: high prices series name
• LowName: low prices series name
• CloseName: closing prices series name

Parameter values are the strings that represent the valid parameter names.

Examples

Compute the typical price for Disney stock and plot the results:

• load disney.mat
  dis_Typ = typprice(dis);  
  plot(dis_Typ)
  title('Typical Price for Disney')
  
  
  

See Also

medprice, wclose

Reference

Achelis, Steven B., Technical Analysis from A To Z, Second printing, McGraw-Hill, 1995, pp. 291 - 292.

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