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The weighted close formula calculates the average value of daily prices, but gives more weight to the close price.
.gif "Sample plot of the weighted close price indicator")
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.WeightedClose,
"High,Low,Close",
"WC")
Input Values
This formula takes three input Y values.
- High
Daily high price.
- Low
Daily low price.
- Close
Daily close price.
Output Value
This formula outputs one Y value.
- WC
Weighted close indicator.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's Y values for high low, and close prices respectively (Series1:Y,Series1:Y2,Series1:Y4) and outputs the weighted close indicator on Series2 (Series2:Y).
Chart1.DataManipulator.FinancialFormula (FinancialFormula.WeightedClose, "Series1:Y,Series1:Y2,Series1:Y4", "Series2:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula.WeightedClose, "Series1:Y,Series1:Y2,Series1:Y4", "Series2:Y");
See Also
Reference
Median Price Formula
Typical Price Formula
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting