Avg Close Less Than Avg Open

Avg Close < Avg Open helps in identifying periods where the market trend is down. The indicator compares the average closing price of bars with their average opening price and paints any bar where the average closing price is less. 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 less 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.