Weighted Close

< All Topics

WeightedClose()
WC()

Overview
Weighted Close is an average of each day’s open, high, low, and close, where
more weight is placed on the close.

Interpretation
The Weighted Close indicator is a simple method that offers a simplistic view of market prices.

Example
set BUY = WC() > REF(WC(), 1)
Evaluates to buy when the weighted close is higher than the previous value.

Previous Typical Price
Table of Contents