The Weighted Close indicator is an average of each day's price. Twice as much weight is given to the closing price as is given to the sum of the daily high and daily low. The Median Price and Typical Price are similar indicators.
Weighted Close Indicator:
Conventional Interpretation:
The weighted close is often a better input in indicators which rely on closing price, as it offers a better indication of market price throughout the session than does the closing price.
The Weighted Close indicator is simply an average of each day's price. It gets its name from the fact that extra weight is given to the closing price. The Median Price and Typical Price are similar indicators.
Interpretation ...
The Weighted Close indicator measures an average of every day's price. Its name stems from the fact that twice as much weight is given to the closing price as is given to the sum of the daily high and daily low.
To calculate the Weighted Close indicator multiply the close by two, add the high and the low to it, then divide the result by four.
Weighted Close Chart - The Weighted Close indicator is an average of each day's price, with extra weight is given to the closing price.
 See also: Low, Chart, Close, Average, Weighted Close
  
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