Time Averaged Price draws the line with its values calculated by prices in a specified range.
It has two configurable parameters:
- Period – calculation period
- Applied price
The calculation depends on the selected calculation price:
- Close price: TAP = Close[Period-1]
- Open price: TAP = Open[Period-1]
- High price: TAP = Max
- Low price: TAP = Min
- Median price: TAP = (Max+Min)/2.0
- Typical price: TAP = (Max+Min+Close)/3.0
- Weighted price: TAP = (Max+Min+2.0*Close)/4.0
where:
Min, Max – Low and High prices in the Period range
MT5 Indicators – Download Instructions
Time Averaged Price MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Time Averaged Price MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Time Averaged Price MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Time Averaged Price MT5 Indicator.mq5
- Copy Time Averaged Price MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Time Averaged Price MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Time Averaged Price MT5 Indicator.mq4 is available on your Chart
How to remove Time Averaged Price MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Time Averaged Price MT5 Indicator (Free Download)
Click here below to download:
