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hlc3 - PineScript Variable

`hlc3`

Overview

hlc3 computes (high + low + close) / 3, often referred to as the “typical price.” It balances extremes and the closing price, making it a popular source for momentum and volume indicators.

Type

float

Qualifier

series

Remarks

Updates intrabar as soon as high or low makes a new extreme; final value stabilises once the bar closes.
Many volume-weighted indicators (e.g., VWAP) default to this typical price because it captures both range and closing context.
Swap close for hlc3 in oscillators to smooth signals without introducing additional lag.

Example

//@version=5
indicator("HL C3 vs Close", overlay=false)

tp = hlc3
plot(close, "Close", color=color.blue)
plot(tp, "Typical price (hlc3)", color=color.orange)

plot(ta.ema(tp, 20), "EMA on hlc3", color=color.green)

See Also