Avg Close < Avg Open (PaintBar)Analysis Techniques & Strategies
Avg Close < Avg Open (PaintBar)
| Name | Expression | Default | Description |
| Length | Numeric | 14 | Number of bars used to calculate average closing and opening values. |
Avg Close < Avg Open paints any bar whose average closing price is less than its average opening price identifying periods where the market trend is down. The Length input determines the number of bars used to calculate the average values. Modifying the Length input allows the PaintBar to consider slower averages (larger Length value) as well as faster averages (smaller Length value). Using the default values, Avg Close < Avg Open paints any bar whose average closing price of the last 14 bars is less than the average opening price of the last 14 bars.
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