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wclprice

WCLPRICE​

Type: wclprice • Category: indicators

Description​

Weighted Close Price

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
closestringList of closing pricesno

Help​

WCLPRICE

Weighted Close Price Indicator for Financial Markets​

Description​

The WCLPRICE worker calculates the Weighted Close Price, a financial indicator used to analyze market trends. This indicator gives more weight to the closing price, which is considered a more reliable measure of a security's value.

What does this worker do?​

The WCLPRICE worker takes in three lists of prices: high, low, and close, and calculates the weighted close price for each period. The weighted close price is a type of moving average that assigns a greater weight to the closing price, providing a more accurate representation of the market's sentiment.

How to interpret the results​

The WCLPRICE indicator can be used to identify trends and patterns in the market. A rising WCLPRICE indicates an uptrend, while a falling WCLPRICE indicates a downtrend. The indicator can also be used to generate buy and sell signals when it crosses above or below a certain threshold.

Parameters​

The following parameters are required to calculate the WCLPRICE:

ParameterTypeDescription
highstringList of highest prices
lowstringList of lowest prices
closestringList of closing prices

Parameters Schema (JSON)

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "close": {
    "type": "string",
    "description": "List of closing prices"
  }
}

Note that the parameters are expected to be strings representing lists of prices. The worker will handle the conversion and calculation of the WCLPRICE indicator.