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Here is another date function named 'BarsToMonthEnd'. It returns the number of trading bars from the current bar up to the last trading bar of the actual month in the calendar. For example, for 30th December 2009, BarsToMonthEnd could return 1, and for 1st December 2009, it could return 22.
The current function was created using the 'Custom Functions' plug-in. The code is written in the JScript.Net language.
Here is how it is calculated:
It initializes the last trading bar to 1 and then, looping through the bars, it either increments the last value by 1 if we are still dealing with the same month, or resets it to 1 if a new month is detected.
The other function I have created is called 'BarsFromMonthStart' and it calculates the number of bars since the current bar's month begins.
This object or function can be found here: Number of bars since the beginning of the month
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.