/*
* QUANTCONNECT.COM - Democratizing Finance, Empowering Individuals.
* Lean Algorithmic Trading Engine v2.0. Copyright 2014 QuantConnect Corporation.
*
* Licensed under the Apache License, Version 2.0 (the "License");
* you may not use this file except in compliance with the License.
* You may obtain a copy of the License at http://www.apache.org/licenses/LICENSE-2.0
*
* Unless required by applicable law or agreed to in writing, software
* distributed under the License is distributed on an "AS IS" BASIS,
* WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
* See the License for the specific language governing permissions and
* limitations under the License.
*/
using QuantConnect.Data.Market;
namespace QuantConnect.Indicators
{
///
/// The InternalBarStrenght indicator is a measure of the relative position of a period's closing price
/// to the same period's high and low.
/// The IBS can be interpreted to predict a bullish signal when displaying a low value and a bearish signal when presenting a high value.
///
public class InternalBarStrength : BarIndicator, IIndicatorWarmUpPeriodProvider
{
///
/// Gets a flag indicating when this indicator is ready and fully initialized
///
public override bool IsReady => Samples > 0;
///
/// Required period, in data points, for the indicator to be ready and fully initialized.
///
public int WarmUpPeriod => 1;
///
/// Creates a new InternalBarStrenght indicator using the specified period and moving average type
///
/// The name of this indicator
public InternalBarStrength(string name)
: base(name)
{
}
///
/// Creates a new InternalBarStrenght indicator using the specified period and moving average type
///
public InternalBarStrength()
: this($"IBS()")
{
}
///
/// Computes the next value of this indicator from the given state
///
/// The input given to the indicator
/// A new value for this indicator
protected override decimal ComputeNextValue(IBaseDataBar input)
{
if (input.High == input.Low)
{
return 0.5m;
}
else
{
return (input.Close - input.Low) / (input.High - input.Low);
}
}
}
}