ninjatrader/indicators/internal-bar-strength/README.md

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# Internal Bar Strength
The **Internal Bar Strength (IBS)** indicator measures the relative strength of a bar's close compared to its range.
The formula for calculating the IBS is as follows:
```
IBS = (Close - Low) / (High - Low)
```
The value of the IBS ranges between 0 and 1.
If the close of the bar is at the low, the value will be 0, and if the close is at the high, it will be 1.
## Parameters
N/A
## Plots
**Internal Bar Strength**: The relative strength of a bar's close compared to its range. (Default: Yellow Solid Line 3px)
## Screenshots
![Internal Bar Strength](https://static.moshington.com/images/indicators/internal-bar-strength/internal-bar-strength.png)
## Strategies
The following strategies are based on this indicator:
* [Internal Bar Strength](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/internal-bar-strength)
* [Internal Bar Strength Band](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/internal-bar-strength-band)
* [IBS + RSI](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/ibs-rsi)
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