HighestWeighted ( IDataHolder coefficient );
Default values:
coefficient: 14
Description
Returns the highest value of data weighted with the coefficient for the last length bars.
Input parameters
| Parameter | Default value | Description |
|---|---|---|
| data | - | Defines data for which the highest value is found. |
| length | 14 | Defines period on which the weighting is applied. |
| coefficient | - | Defines the weighting coefficient for data. |
Example
declare lower;
input price1 = close;
input price2 = open;
def delta = price2 - price1;
plot HWBuiltin = HighestWeighted(price1, 3, delta);
plot HW = Max(Max(price1, price1[1] + delta), price1[2] + 2 * delta);
This example shows how the HighestWeighted is constructed by taking maximum of several values. The two plots coincide.