Average (Function)
DisclaimerThe Average function calculates the standard arithmetic mean of prices or values over a range of bars. It may also be called a moving average, since the values are recalculated for every bar.
Syntax
Average(Price,Length)
Returns (Double)
A numeric value for the current bar.
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 Average function is often used to smooth the values of functions or indicators.
Average (arithmetic mean) is the sum of n numbers divided by n.
Average = (1+3+5) / 3 = 3
The input parameter Price can be a bar value such as Close, High, Low, Open, or Volume. It can also be any mathematical calculation such as (High + Low) / 2, or a numeric function such as RSI, Stochastic, or ADX.
The value for the Length input parameter should always be a positive whole number.
Examples
Assigns the 9 bar moving average of the Close to Value1, then plots Value1:
Value1 = Average(Close,9);
Plot1(Value1, "AvgClose");
Assigns the 15 bar moving average of the range;(High + Low) /2 to Value1, then plots Value1:
Value1 = Average((High + Low)/2,15);
Plot1(Value1, "AvgRng");
Assigns the 10 bar moving average of the RSI function to Value1, then plots Value1:
Value1 = Average(RSI(Close,14),10);
Plot1(Value1, "AvgRSI");
Assigns the 20 bar moving average of the custom variable myRange to Value1, then plots Value1:
Vars: myRange(0);
MyRange = ((High[1]-Low[1]) + (High – Low))/2;
Value1 = Average(myRange, 20);
Plot1(Value1, "AvgRng");