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IBS - Internal Bar Strength for Amibroker (AFL)
abley
about 9 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 3)
Tags:
oscillator, amibroker

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();

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