Weighted Close: Difference between revisions
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=== Definition === | === Definition === | ||
The Weighted Close indicator calculates an average of the bar. The calculation is performed by taking the High and Low prices, adding it to two Close prices and then dividing the value by four. | The Weighted Close indicator calculates an average of the bar and plots the average line on the main data series. The calculation is performed by taking the High and Low prices, adding it to two Close prices and then dividing the value by four. | ||
=== Default Inputs=== | === Default Inputs=== | ||
Latest revision as of 16:52, 29 September 2021
Definition
The Weighted Close indicator calculates an average of the bar and plots the average line on the main data series. The calculation is performed by taking the High and Low prices, adding it to two Close prices and then dividing the value by four.
Default Inputs
Length sets the number of bars used for calculation, 9 by default.
