AveragePrice

Modified on 2008/04/18 09:50 by Administrator — Categorized as: Standard Indicators

Syntax

public AveragePrice(Bars bars, string description)
public static AveragePrice Series(Bars bars)

Parameter Description

bars

The Bars object

Description

See Calculation. See also: AveragePriceC

Interpretation

AveragePrice represents the average price between the High and Low of a bar.

Calculation

AveragePrice = (High + Low) / 2

Example

Find and plot the % spread between the AveragePrice of the clicked symbol and that of MSFT.

using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class MyStrategy : WealthScript
	{
		protected override void Execute()
		{	

			DataSeries avg =  AveragePrice.Series(Bars);
			Bars xBars = GetExternalSymbol("MSFT", true);
			DataSeries xAvg = AveragePrice.Series(xBars);
			DataSeries spreadPct = 100 * (xAvg/avg - 1);
			spreadPct.Description = "% Spread";
			
			ChartPane cp = CreatePane(40, true, true);
			PlotSeries(cp, spreadPct, Color.Blue, LineStyle.Histogram, 2);
		}
	}
}