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Weighted Price

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    Weighted Price

    From the NinjaTrader 7.0.0.22 Help File:

    A collection of historical bar weighted prices. Weighted price = (High + Low + Close + Close) / 4.

    I had in mind that the weighted price refers to (High + Low + Open + Close) / 4.

    #2
    Harry, it should be better called Weighted Close, as the idea is to give the Close price more weight in the final result, but what we use is in line with industry standards I believe. The one you had mind would be the Woodies Pivot calc value if daily data is used...

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