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This item loads and saves a list of all European holidays. As with the US holidays object (Market: US Holidays), the data is retrieved from the InterContinental Exchange website (theice.com).
The data is downloaded from 2001 to 2012 and is saved into the following custom database: 'holidays_europe'. The symbol '^Holidays_EUROPE', which is associated with the data is automatically created
How to use it with the QuantShare vector-based formula:
You can create an indicator using the holiday data with the following function: 'GetDataExtern'
The complete formula is: GetDataExtern('holidays_europe', 'isholiday', 1, '^HOLIDAYS_EUROPE');
Because the market is closed on holidays, if you plot the above indicator, a value of one will be displayed on the previous bar (The trading day just before the holiday).
Example: For the 'Agilent Technologies Inc' stock, the 1 January 2005 holiday is displayed on the 30 December 2004 bar.
If you need to translate the indicator, just use the 'Ref' function.
You can also use the 'Custom Function' plug-in to create your own (more advanced) indicator. In this case, the function that should be used is 'cFunctions.GetCustomDatabaseData'
Example: VectorCustom holiday = cFunctions.GetCustomDatabaseData('holidays_europe', 'isholiday', '^HOLIDAYS_EUROPE');
The advantage of using the 'Custom Function' plug-in is that you have deeper control on the how to create your indicator. You can for example, create an indicator that returns a value of one only on some specific holidays.
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.
