Average Price for Bar - it calculates the average value on the basis of the Open, High, Low and Close prices.
How the indicator looks like in the chart:
The indicator has the following parameters:
Settings
Calculation Mode - setting the average price calculation mode.
- (High + Low)/2
- (High + Low + Close)/3
- (High + Low + 2*Close)/4
- (Open + High + Low + Close)/4
Drawing
Panel - selection of the indicator location in the chart:
- New panel
- Chart
Visualization
Show value - showing the indicator value on the price scale.
Show zero values - showing zero values.
Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.
Color
Visual type - visual setting of the indicator display in the chart:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setting of the line display style:
- Solid
- Dash
- Dot
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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