candle parameter repeats same sub parameter ?

[ZakTrading]

shouldn't it be high,low,open and close ?

[sktsec]

@ZakTrading
Some believe Close price is quite important and it deserves such weighting

[ZakTrading]

@sktsec why is that the case ?
regardless shouldnt it be a choice since its an input parameter? odd

if median is (High+Low)/2
then Average price must be (high+low+open+close)/4 right?

it is kinda a biased parameter towards the bull side signaling false reversal if used as indicator alone

[ZakTrading]

i did some reaserch and the (H+L+C+C)/4 is the weighted not the avg price @fxDreema

[sktsec]

Isn't a weighted price is still some kind average price?

[roar]

Those price constants are determined by mql5 themselves: https://www.mql5.com/en/docs/constants/indicatorconstants/prices

"Average" might not be the optimal term there, but the calculation is correct nevertheless