Typical Price is an approximate arithmetic average. Some people call this a Pivot point
How to calculate:
High: H
Low: L
Some people use this Open: O TP= (H+L+O+C)/4
Close: C
The formula is as below:
TP= (H+L+C)/3
Strategy:
Combine this with a moving average.
Signal: Every time TP crosses above MA it gives us a buy signal
A TP crossing below the MA produces a sell signal.