Average Price for Bar

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:

Image 27015

The indicator has the following parameters:

Image 27016

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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