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Weighted Price: What does it Mean

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    Weighted Price: What does it Mean

    NT7 has a new Weighted Price as a choice for data-input for indicators.

    However I could not find a definition of what the Weighted price means anywhere in the documentation.

    Could you please define it?

    BTW (H+L+2*C)/4 is something I want to experiment with.

    #2
    Good question... The math is as follows:

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