Displacement in Indicators

[Frank Wal <frankwal@xxxxxxxxx>]

This is the code for
'displaced'***************************************************
 

Input : Price(Close), Length(6), Displace(4);
Vars : AvgValue(0), LongTermTrend(0),
ShortTermTrend(0), nocommentary(TRUE), AbsDisplace(0),
String1("");

if Displace >= 0 and currentbar > Displace 
then begin
AvgValue = Average(Price,Length)[Displace];
plot1(AvgValue,"AvgDisplace");
End;
 
 
***************************************************************************************
 
I am trying to understand the word 'displaced'
 
What I am trying to do in a intra-day chart 15 minutes
chart is plot the ....

moving average of monday on Friday
     "            tuesday on Friday
     "            wednes. on Friday  
     "            Thurday on Friday
 
This is just a test to see how prices are moving
relative to day-of-week.
 
******************************************************************
to do this ' should I just change the dispace value
from 1 to 4
 
Frank
San Diego