StockFetcher Forums · General Discussion · Yabsi Indicator<< >>Post Follow-up
1 posts
msg #121343
Ignore kibicricket
8/16/2014 1:24:10 PM

Hey all, I found this board through several different websites. I came across the Yabsi indicator today which I thought was awesome upon first glance, but now realize is almost completely worthless since it prints its signal a few bars after the fact. Can anyone make a mod of the code below to include the same kind of mathematical analysis but have the indicator issue a signal immediately instead of having to wait several bars later?

Code Below -------------------------------------------------------

input signalOffsetFactor = 0.20;

def signalOffset = AvgTrueRange(high,close,low,9)*signalOffsetFactor; plot Data = hlc3;

def triggerSell = if(if(close[-1] < high, 1, 0) and (hlc3[-2] < close[-1] or hlc3[-3] < close[-1]), 1, 0);

def triggerBuy = if(if(close[-1] > low, 1, 0) and (hlc3[-2] > close[-1] or hlc3[-3] > close[-1]), 1, 0);

rec buySellSwitch = if(triggerSell, 1, if(triggerBuy, 0, buySellSwitch[1]));

def thirdBarClosed = if(IsNaN(hlc3[-3]), 0, 1);

plot SBS = if(triggerSell and thirdBarClosed and !buySellSwitch[1], high+signaloffset, if(triggerBuy and thirdBarClosed and buySellSwitch[1],low-signaloffset, double.nan));

SBS.SetPaintingStrategy(paintingStrategy.LINE_VS_P OINTS);

SBS.AssignValueColor(if triggerSell then
if thirdbarclosed then
CreateColor(255, 0, 0) else
CreateColor(255, 0, 0)
else if Triggerbuy then
CreateColor(0, 255, 0) else
CreateColor(0, 255, 0));

StockFetcher Forums · General Discussion · Yabsi Indicator<< >>Post Follow-up

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