Meaning of Average(close,8)[3] ; in English

[icemanc 10]

average(close,15)[2] ;

 

 

 

 

recent 2nd day value of 15 days simple moving average .

 

 

 

please correct me if i am wrong . I am learning easy language newbie.

 

 

 

 

thanks for your help,

[Tams 20]

average(close,15)[2] ;

recent 2nd day value of 15 days simple moving average .

please correct me if i am wrong . I am learning easy language newbie.

thanks for your help,

 

the square bracket is a bar reference.

 

[2] referring to 2 bars ago.

 

average(close,15)[2] refers to the average price as of 2 bars ago.

 

if applied to a daily chart,

you are referring to 2 days ago.

 

if applied to a minute chart,

you are referring to 2 minutes ago.

[icemanc 10]

does average means simple moving average