PineCoders

Averages - PineCoders FAQ

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.
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.
Open-source Skript

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Möchten Sie dieses Skript auf einem Chart verwenden?
Tools and ideas for all Pine coders: http://www.pinecoders.com
Our Pine FAQ & Code: http://www.pinecoders.com/faq_and_code/
Pine news broadcasts: https://t.me/PineCodersSquawkBox or https://twitter.com/PineCoders