The typical price's sibling, with the close given twice the weight of
either extreme: the argument is that the price a bar settled at carries
more information than the two it merely traded through. It sits between
typicalPrice (close weighted 1/3) and the close itself (1), which
is the whole spectrum this transform family spans.
Appends one column, default 'weightedClose'. Reads high, low and
close.
Same edges as typicalPrice: no warm-up, linear in price and
shift-equivariant, a gap costs one bar, nothing is clamped.
Weighted close —
(high + low + 2·close) / 4. TA-Lib'sWCLPRICE, matched bar-for-bar.The typical price's sibling, with the close given twice the weight of either extreme: the argument is that the price a bar settled at carries more information than the two it merely traded through. It sits between typicalPrice (close weighted 1/3) and the close itself (1), which is the whole spectrum this transform family spans.
Appends one column, default
'weightedClose'. Reads high, low and close.Same edges as typicalPrice: no warm-up, linear in price and shift-equivariant, a gap costs one bar, nothing is clamped.