Week of Month

by QuantShare, 4209 days ago

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The "GetWeekNumber" function returns the week's number for each month. The value will vary from 1 to 5, where "1" indicates the first week of the month and "4 or 5" the last week of the month (depends on the number of days in the month).

This function can be used for example to detect the expiration date of futures or options contracts.

Let us say for example that you want to detect the third Friday of every month. You can do that by searching for "Friday" using "DayOfWeek" function and the third week of the month using the "GetWeekNumber" function.

Here is how to implement this:

signal1 = GetWeekNumber() == 3 and DayOfWeek() == 5;

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Type: Trading Indicator

Object ID: 1294

Country: All

Market: All

Style: Technical Analysis

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