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

# 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 [Internal Bar Strength strategy](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/internal-bar-strength) is based on this indicator.

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