OPEN-SOURCE SCRIPT
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Averages - PineCoders FAQ

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█ WARNING


The publication of our ConditionalAverages library has deprecated this publication.



█ ORIGINAL DESCRIPTION


The need to calculate averages (arithmetic mean) comes up here and there in scripts. When you want the average of a value only when a given condition has occurred, you will often not be able to use the standard sma function in Pine because it will average all values in the series. Even if you take care to use your condition to set non-conforming values to zero, this ends up skewing your results with zero values.

This script calculates:
1. The running average of all up volumes,
2. The average of last x occurrences of up volume ,
3. The average up volume occurrences in last y bars.



Look first. Then leap.

Versionshinweise

  • Made code for cases 2 and 3 into functions.
  • Added examples of multiple-result functions.
Versionshinweise

Conversion to v4.
Versionshinweise
Fixes to comments.
Versionshinweise
Simplified Case 1 code.
Versionshinweise
Changes to comments.
Versionshinweise
Updated calculations.
Versionshinweise
v8
Rewrite of code using techniques that eliminate all `for` loops.
Versionshinweise
v9
Functionalized case 1.

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