TREND, MOVING AVERAGES & STRUCTURE
Weighted close
A single price for the candle that leans toward where it finished, since the close is usually the most meaningful point of the session.
spec id: weighted_close
What does Weighted close measure?
A single price for the candle that leans toward where it finished, since the close is usually the most meaningful point of the session.
How is Weighted close calculated?
Add the high, the low and twice the close, and divide by four.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Weighted close in a bot?
In the builder, add an indicator of type weighted_close. Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
Related indicators
- WMAA moving average that gives newer candles a bigger say in a straight line — heavier than a simple average, lighter than an exponential one.
- Woodie pivotsA pivot variant that leans on yesterday's CLOSE more than the classic set does — which shifts the levels when yesterday closed near an extreme.
- Zero-lag EMAAn exponential average with the delay largely engineered out — it turns roughly when price does rather than a few candles later.
- Zero-lag LSMAA regression moving average with its remaining lag removed.
Or browse all 158 indicators in the full library.