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Using RSI as an indicator this will sort of do what you want ...
The question is how to value the average of the indicator when it
hasn't been above 80 in the last more than number of bars you want to
average.
RSIx = RSIa(C, 2);
Plot(RSIx, "RSI2", colorRed);
Count = IIf(RSIx > 80, 1, 0);
Value = IIf(RSIx > 80, RSIx, 0);
avgRSIx = Sum(Value, 5) / Sum(Count, 5);
Plot(avgRSIx, "ARSIx", colorWhite);
--- In amibroker@xxxxxxxxxxxxxxx, "Rick Parsons" <RickParsons@xxxx>
wrote:
> I have an indicator. If the High of the indicator is > 80 for the
day, I want to:
>
> Calculate: UP = High - Open;
>
> Then I want to calculate a moving average of UP. But I only want a
moving average of UP data when my indicator is > 80. If indicator
for the day is not >80, UP should not be added to the moving average.
>
> How do I do this?
>
> Thanks,
>
>
> Rick
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