[icemanc]

average(close,15)[2] ;




recent 2nd day value of 15 days simple moving average .



please correct me if i am wrong . I am learning easy language newbie.




thanks for your help,

[Tams]

Originally Posted by icemanc »

average(close,15)[2] ;
recent 2nd day value of 15 days simple moving average .
please correct me if i am wrong . I am learning easy language newbie.
thanks for your help,

the square bracket is a bar reference.

[2] referring to 2 bars ago.

average(close,15)[2] refers to the average price as of 2 bars ago.

if applied to a daily chart,
you are referring to 2 days ago.

if applied to a minute chart,
you are referring to 2 minutes ago.

[icemanc]

does average means simple moving average