More Information about:
Link: 1) www.incrediblecharts.com/indicators/weighted_close.php
Link: 2) www.forexrealm.com/technical-analysis/technical-indicators/weighted-close.html
Link: 3) www.mysmp.com/technical-analysis/weighted-close-technical-indicator.html



Calculation:

(Daily Close * 2) + Daily High + Daily Low / 4


Source Code "Weighted Close":

function init()
{
   with (WCP) {
     createBuffer("WCP");
     setBufferColor("WCP", "lime");
     setBufferDrawStyle("WCP", DrawStyle.LINE);
     setAutoChangeMaxMin("WCP");
}
}

function start()
{
     var num = Shared.numberOfQuotes();
     var buf = new Array(num);

     for (var j = 0; j < num; ++j) {

       buf[j] = (Shared.close(j)*2 + Shared.high(j) + Shared.low(j))/4;
     }

     WCP.setBufferData("WCP", buf);
}