IBS - Internal Bar Strength for Amibroker (AFL)
abley over 10 years ago Amibroker (AFL)
It is calculated as the moving average of the values of the internal bars strength that represent the ratio (Close-Low)/(High-Low) * 100% for each of them.
Indicator / Formula
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_SECTION_BEGIN("IBS");
SetTradeDelays(1,0,1,0);
SetPositionSize(100,spsShares);
IBS = (Close - Low )/(High-Low);
maIBS = MA(IBS,3);
Plot(maIBS,"maIBS",colorRed);
T1= 0.3;
T2= 0.75;
Buy = Cross(T1,maIBS);
Sell= Close;
Short =Cross( maIBS,T2);
Cover = Close;
_SECTION_END();0 comments
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