mean
Statistical Mean (same as SMA)
mean(source, period)
Parameters
Statistical Mean - mean(source, period)
Calculates the arithmetic mean (average) over a period. Identical to SMA.
- source (source): Data series to calculate mean of
- period (int): Number of periods for averaging
- Common values: 14, 20, 50
Formula
Mean = Σ(field) / period
Examples
// price above 20-period mean
close > mean(close, 20);
// volume above 50-period average
volume > mean(volume, 50);
Returns
Arithmetic mean value