Mike Base MKB

What

In principle, the Mike Base indicator is the "Typical Price":

How

                  H (t) + L (t) + C (t)

MKB (t)   ____________________

                            3

Where H is the day high, L the day low and C the day close.

When

The Mike Base indicator serves as the foundation for other indicators. Rather than using the close price as the number to calculate other indicators on, Mike Base / Typical Price is the average of the High, Low and close which considers the full days range not just the close price, which could be considered to give a more accurate idea of what the price of a security is actually doing.