2024-10-21 14:06:54 +00:00
|
|
|
# Internal Bar Strength
|
|
|
|
|
|
2024-10-22 13:10:11 +00:00
|
|
|
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.
|
|
|
|
|
|
2024-10-21 14:06:54 +00:00
|
|
|
---
|
