This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
The Federal open market Committee or FOMC consists of twelve voting members and is responsible for setting the monetary policy of the USA. The monetary principal goals are the economic growth, stable prices and full employment.
The monetary policy is set by specifying the short-term objective for open market operations.
There are eight regularly scheduled meetings per year. Meetings could also be scheduled outside the regular meetings dates (Unscheduled meetings). Generally, a meeting is scheduled for one day, but the meetings in January-February and June-July are two-day meetings.
The current function uses an internal list of FOMC meeting dates and returns a time-series that has values different from zero on bars where an FOMC meeting occurs. It returns a value between 0 and 3.
Returns 0: If no FOMC meeting is scheduled for the current day
Returns 1: if a one-day FOMC meeting occurs on the current day
Returns 2: If a two-day FOMC meeting occurs on the current day
Returns 3: If a one-day unscheduled FOMC meeting occur on the current day
To create a rule that detects the bars where a meeting occurred, you can use the following formula: FOMC_meetings() > 0.
To create a rule that detects the bars where an unscheduled meeting occurred, you can use the following formula: FOMC_meetings() == 3.
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.
