Avg Close Greater Than Avg Open
From MultiCharts
Avg Close > Avg Open helps in identifying periods where the market trend is up.
Description
Avg Close > Avg Open compares the average closing price of bars with their average opening price and paints any bar where the average closing price is greater. The number of bars used to calculate the average values is determined by the Length input. Use a larger Length value if you want to consider slower averages, and, on the contrary, use a smaller Length value for faster averages. By default, Avg Close > Avg Open paints any bar whose average closing price of the last 14 bars is greater than the average opening price of the last 14 bars.
Default Inputs
Length( 14 ) sets the number of bars used to calculate average closing and opening values.
