Price Transforms (Typical, Median, Weighted Close)

What it measures:

Transforms daily High, Low, and Close price points into representative single-value price references.

How to interpret it:

• Typical Price: Core input for volume indicators like VWAP and CCI.
• Weighted Close: Places extra emphasis on the closing price while factoring in the bar range.

Used for:

• Input smoothing for technical indicator formulas.

Limitations:

• Acts strictly as raw price data transformations rather than standalone trade generators.