HarmonicMean (Function)
DisclaimerThe HarmonicMean function calculates the harmonic mean of prices over a range of bars.
Syntax
HarmonicMean(Price, Length)
Returns (Double)
A numeric value containing the HarmonicMean of a data set.
Parameters
|
Name |
Type |
Description |
|
Price |
Numeric |
Specifies which bar value (price, function, or formula) to use. |
|
Length |
Numeric |
Sets the number of bars to consider. |
Remarks
The harmonic mean is the reciprocal of the arithmetic mean of reciprocals. The harmonic mean is always less than the geometric mean, which is always less than the arithmetic mean.
Example
The following EasyLanguage expression will perform an action when the fast harmonic mean is greater than the slow harmonic mean:
If HarmonicMean(Close, 10) > HarmonicMean(Close, 20) Then {ACTION} ;