Kairos™

WeightedClose

The Weighted Close is the average of the high, low and close of a bar, but the close is weighted, actually counted twice.  It is used in the calculation of several indicators.  It can be used to smooth an indicator that normally takes just the closing price as input.  Weighted Close Price = (High + Low + (Close*2) ) / 4

The Weighted Close indicator configured on the daily timeframe.

Weighted Close indicator charted on the daily timeframe