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The Weighted Close
in foreign exchange trading gives a simple view of the day as well as other price adjustment functions. |
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used to smooth out some of the inconstancy of a chart of closing prices as it comprises information for the whole trading day. |
. A Weighted
Close chart in foreign exchange trading comprises the simplicity of the line chart with the scope of a bar chart, by fixing a single point for each day that includes the high, low, and closing price.
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(Daily Close * 2) + Daily High + Daily Low / 4
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