Average Price for Bar

Modified on Mon, 08 May 2023 at 07:13 PM

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.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article