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                                                   How to determine if the a given day is a trading day?

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Dave Walton
2013-07-08 07:39:23


I'm trying to implement a monthly system that buys the top 3 ETFs on a certain day of the month. If I just use the formula Rule1 = (Day()) == (1)); sometimes I don't get a buy signal because the first trading day of the month is either on a weekend or a holiday. How can I determine if this is the case?


clonex
2013-07-08 19:29:44

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Rule1 = Day() > 1 and Day() < 7;




Dave Walton
2013-07-08 23:08:20

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Actually that doesn't work because Rule1 will be active for multiple days. After I posted I figured out how to do it: I created a C# function called FirstTradingDOM.

Then the system uses: Rule1 = FirstTradingDOM;

http://www.quantshare.com/item-1317-firsttradingdom



QuantShare
2013-07-09 02:57:17

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Best Answer
You can also use:

rule1 = month() != ref(month(), 1);



Ching
2015-02-24 23:37:01

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What if I want to buy/sell on another trading day of the month (e.g. eighteenth day of the month)?


QuantShare
2015-02-25 01:37:52

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rule1 = month() != ref(month(), 1);
rule1 = ref(month(), 7); // For the eighteenth day of the month



Nuno
2016-06-09 17:20:46

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I don't understand why it would work, can you explain this simple code?


QuantShare
2016-06-09 18:18:56

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My mistake. It should be:

rule1 = month() != ref(month(), 1);
buy = ref(rule1, 6); // For the bar number 7 after the new month




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