Description
Weighted Close study is the sum of high, low and double close divided by four.
Formula
wcArray[] = (high+low+close*2)/4
Interpretation
Weighted Close is a representation of the average trading range with the emphasis on the closing price.
inteliCharts Predictive Analytics - Calculating Most Probable Future Stock Prices
- Neural network architecture
- Quantitative processing
- Long term forecasting
- Intraday probability channels