Weighted Close Price (Close-Emphasized Average) (WCLPRICE)

WCLPRICE calculates a weighted average that emphasizes the close price: (High + Low + Close + Close) / 4, or equivalently (H+L+2C)/4. By counting close twice, WCLPRICE gives 50% weight to close and 25% each to high and low. This provides greater emphasis on where the bar closed (directional information) while still considering the range. WCLPRICE balances TYPPRICE (equal HLC weighting) and using close alone. No parameters - fixed weighting formula.

Cryptocurrency traders use WCLPRICE when they want price data that emphasizes close (directional) while incorporating range. It's a middle ground between close-only (ignores range) and TYPPRICE (equal weighting). WCLPRICE is particularly useful for trend-following indicators where close direction matters more than bar extremes, but you still want some range influence. Common as input to moving averages, momentum oscillators, and trend indicators where closing direction should dominate but not exclusively. WCLPRICE is favored by traders who prioritize closing strength while maintaining awareness of intrabar range.