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For custom databases, data is often associated with a symbol and a date making it easy to build logic around the primary date value. But when the custom database contains more than one date value, accessing and using the date values is more complex. The DaysToNextDate function helps by calculating the number of bars to a date within a custom database.
A practical example of a custom database that may be designed to have multiple date values Is with dividends in which the dividend event which spans four separate dates (downloader for this object may be found here: Dividend Calendar). There are several research papers written on dividend strategies that use rules based on proximity to the various dividend dates.
Example of usage:
a = GetDataString("divcalendar", "paymentdate", "");
a = daystonextdate(a, "MM/dd/yyyy");
Plot(a, 'Days to next Dividend Payment Date', colorBlack, ChartLine, StyleSymbolNone);
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.