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Day of week Average

This tool was implemented by Brian Brown on December 11, 2009. Day of week Average is a Trading Indicator.
The coding of this Technical Analysis method demanded 29 lines.
The indicator name is 'DayOfWkAvg' and it is developed using JScript language.
It allows 3 parameters. The different parameters are:
price (Type: Number - Default Value: close): price series
dayoweek (Type: Number - Default Value: 1): Day of week. 1 for Monday...
avgLength (Type: Number - Default Value: 5): Number of day of week bars

p = DayOfWkAvg(close, 1, 5);

Formula to display the trading indicator on a chart:
Plot(DayOfWkAvg(close, 1, 5), "Day of week Average", colorRed);

Future and Past Bars:
The method do not access future bars. It requires zero past bars.

Click on this link to download Day of week Average

Search terms used to find this trading item include average index by day of week, day-of-week average, simple moving average day of week

The trading object is saved under the following categories: Technical Analysis

Trading Indicators:
Standard Error Bands
Number of bars up to the end of the month
Number of bars since the beginning of the month
Number of successive increases in the volume
Elastic Volume Weighted Moving Average - eVWMA
Volume * Price Momentum Oscillator
Lane Stochastic Oscillator
Center Of Gravity - COG
Choppiness Index
Klinger Volume Oscillator
Chandelier Exits
Positive Volume Index
Disparity Index
TFS Volume Oscillator
TFS Tether Line
Relative Vigor Index - Signal Line
Relative Vigor Index

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