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Biju,
Good question! Last thursdays are used as last day of contracts.
A couple of things to consider.
We know that there will be either 4 or 5 thursdays in every month
with the exception of November and December. November's 4th thursday
is a holiday(Thanksgiving) so unless there are 5 thursdays in the
month 3 is the limit. December is a month where I would think the
market you trade would determine the last thursday. American markets
are not fond of trading around Christmas,especially in the same week.
There have been discussions about the topic and rather than recreate
anything I would defer you to those at this site:
http://forum.equis.com/forums/thread/21081.aspx
You might also want to check Roy or Jose's site for indicators to
use.
Hope this helps,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, Biju Samuel
<bijusamuel2003@xxx> wrote:
>
> Similarly, whats the formula for last thursday of the month?
>
> pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote: ptcman,
>
> A:=DayOfWeek()=2;
> ValueWhen(1,A,CLOSE)
>
> hope this helps,
>
> Preston
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Fernando Santos"
> <ptc_man3@> wrote:
> >
> > Hi all,
> >
> > How to make a reference of a specific dayofweek() close price?
> >
> > Lets assume that I want to know the close price of all Tuesdays.
> >
> > dayofWeek()=2 and then what?
> >
> > regards,
> > ptcman
> >
>
>
>
>
>
>
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