The internal bar strength or (IBS) is an oscillating indicator which measures the relative position of the close price with respect to the low to high range for the same period.
I was wondering if you could create this strategy for me. You are the closest to create a Internal Bar Strength script. (Close-Low)/(High-Low)
I'm looking to Enter if IBS is below .15 Exit at close if today's close is higher than close of yesterday.
It would be amazing if I could toggle days to have active as well. The strategy I found has Monday and Tuesday active.
Fadior
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As said by Llewelyn at systemtradersuccess.com, 2002 and 2008 are 2 of the 3 best performing years. Bull market bias must be reconsidered. Works great with VIX (daily) and some currencies pairs (hourly)
Fadior
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IMO there is a bias in this backtest because markets were bullish 90% of the time since 1990.