YABSI Buy and Sell Signals from Recent Price Comparisons
Summary
YABSI is described as a chart indicator that marks buy and sell signals using comparisons among recent closing prices, highs, lows, and a typical-price series. Its only listed setting controls whether the typical-price line is shown; that line is also used in the calculation. The rules combine the prior bar's close with typical prices from two and three bars earlier, and with the current bar's high or low, to label a bar as a buy or sell signal.
The document provides the indicator's conditions but does not explain their rationale, specify how signals should be traded, or report testing results. It also does not describe risk controls, exit rules, or whether signals are confirmed only after a bar closes. The formulas alone are therefore insufficient to establish robustness or profitability.
Key ideas
- YABSI displays buy and sell labels on a price chart.
- Its calculations compare the previous close with recent highs, lows, and earlier typical prices.
- A setting toggles display of the typical-price line used by the indicator.
- The description gives no exit method, risk controls, or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.