LowestWeighted ( IDataHolder coefficient);

Default values:

coefficient: 14


Returns the lowest value of data weighted with the coefficient for the last length bars.

Input parameters

Parameter Default value Description
data - Defines data for which the lowest value is found.
length 14 Defines period on which the weighting is applied.
coefficient - Defines the weighting coefficient for data.


declare lower;
input price1 = close;
input price2 = open;
def delta = price2 - price1;

plot LWBuiltin = LowestWeighted(price1, 3, delta);
plot LW = Min(Min(price1, price1[1] + delta), price1[2] + 2 * delta);

This example shows how the LowestWeighted is constructed by taking minimum of several values. The two plots coincide.