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:
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
Panel - selection of the indicator location in the chart:
- New panel
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.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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