Day of week AverageThis 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 Example: 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 calcA calcB 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 MBO TFS Volume Oscillator TFS Tether Line Relative Vigor Index - Signal Line Relative Vigor Index |
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