Weighted Close
The Weighted Close indicator is constructed as a weighted average of bar prices. In this indicator a double weight is given to the CLOSE price with respect to the summation of the HIGH and the LOW of the bar. Indicators very similar to this are the Median Price and the Typical Price. We have a BUY signal when the indicator crosses an Exponential Moving Average from bottom to top, vice versa we have a SELL signal when the indicator crosses an Exponential Moving Average from top to bottom, as we can see from the Chart of which under. The Weighted Close indicator is very useful because it limits the false input signals generated due to small oscillations.