Fundamental Metrics

New Trading Week indicator

True on the first evaluated trading tick of an ISO week until the strategy makes a decision. A no-order decision still consumes that week, and live portfolios persist the decision through a restart. U

Definition

True on the first evaluated trading tick of an ISO week until the strategy makes a decision. A no-order decision still consumes that week, and live portfolios persist the decision through a restart. Use with an option disclosure trigger for modeled maintenance.

Parameters

None

Output range: 1 while this week's first decision is pending; otherwise 0

Example condition

text
`NewTradingWeek() > 0`

Use in a strategy

Add this indicator to a strategy condition, choose its supported parameters and compare the output with the threshold required by your rule. Preserve the same interval and lookback when comparing backtests.

After saving the condition, inspect its asset, interval, lookback and comparison operator against the parameters above. If no trades occur, check whether the condition ever became true and whether the requested input data exists for that period. A missing input is not a zero-valued signal. An indicator produces an input to a rule. It does not establish future returns, and data availability can differ across assets and periods.