Weighted Close

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Weighted Close

In This Topic

Syntax
Arguments
Result
Description
Related Examples

Syntax

WEIGHTEDCLOSE(close; high; low)

Arguments

The 'close', 'high' and 'low' arguments must be arrays.

Result

The result is an array.

Description

The Weighted Close indicator calculates the daily average of Hi, Low and Close prices. It is designed to put more weight on the Close values. The formula of the Weighted Close is:

WC = (2 * close + high + low) / 4

Related Examples

Windows Forms: All Examples\Data Manipulation\Functions\Financial\Price Indicators