MultiCharts: Trading Software for Automated Trading and Backtesting

Dear Community

Is this IBS-indicator already build in MC, maybe with another name?
http://qusma.com/2012/11/06/closing-pri ... reversion/

Can someone please code it as working indicator?
I am a little confused because i always get an Error (division/zero)

Thank you very much
LRP

Dear Community

Is this IBS-indicator already build in MC, maybe with another name?
http://qusma.com/2012/11/06/closing-pri ... reversion/

Can someone please code it as working indicator?
I am a little confused because i always get an Error (division/zero)

Thank you very much
LRP

If you have already tried, you should post your attempt and let the community help you to debug.

If you have already tried, you should post your attempt and let the community help you to debug.

Thank you TJ,
OK lets try, this is my attempt:

// Internal Bar Strength Indicator (IBS)
// Source: http://qusma.com/2012/11/06/closing-pri ... reversion/

vars: Oben(0), Unten(0), Durch(0);

Oben = (Close-low);
Unten = (High - Low);

Durch = (Oben/Unten);

Plot1( Oben, "0ben" );
Plot2 (Unten, "Unten");
Plot3 (Durch, "IBS")

THX for your inputs

If you have already tried, you should post your attempt and let the community help you to debug.

Thank you TJ,
OK lets try, this is my attempt:

// Internal Bar Strength Indicator (IBS)
// Source: http://qusma.com/2012/11/06/closing-pri ... reversion/

vars: Oben(0), Unten(0), Durch(0);

Oben = (Close-low);
Unten = (High - Low);

Durch = (Oben/Unten);

Plot1( Oben, "0ben" );
Plot2 (Unten, "Unten");
Plot3 (Durch, "IBS")

THX for your inputs

What would be the value of Unten if the high = low?

What would be the impact on Durch?



ps. [FAQ] How to Post Codes
viewtopic.php?f=16&t=11713

OK, i try again:
The problem is if the dominator result is a zero.
I am not sure if it is correct coded?

OK, i try again:
The problem is if the dominator result is a zero.
...

You have to decide the next logic:

What to do when the dominator is zero?

1. Do you make IBS the same value as the previous bar? (ie skip the calculation)
2. Make IBS = zero?
3. some other logic?

OK, i try again:
The problem is if the dominator result is a zero.
I am not sure if it is correct coded?

Code: Select all

// Internal Bar Strength Indicator (IBS)
// Source: http://qusma.com/2012/11/06/closing-price-in-relation-to-the-days-range-and-equity-index-mean-reversion/

vars: Above(0), Below(0), IBS(0);

Above = (Close-Low);
Below = (High-Low);

if Below <> 0 then

IBS = (Above/Below);

Plot1 (IBS, "InternalBarStrength")

I see that you have edited your post...

Yes, that is a good check for "Division by Zero".

OK, i try again:
The problem is if the dominator result is a zero.
...

You have to decide the next logic:

What to do when the dominator is zero?

1. Do you make IBS the same value as the previous bar? (ie skip the calculation)
2. Make IBS = zero?
3. some other logic?

Thank TJ for your patience
sorry I edited my code and did not see your fast reply

Do you think it is now correct?

This will skip a bar's calculation and repeat the previous bar's value This will make the IBS = zero (useful for zero oscillators)