moshferatu/ninjatrader
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

Add description to IBS indicator documentation

Browse Source
This commit is contained in:
moshferatu 2024-10-22 06:10:11 -07:00
parent 2bb9fbdca9
commit 51af7ad7d2
1 changed files with 12 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

12
indicators/internal-bar-strength/README.md
View File

@ -1,3 +1,15 @@
# 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.
---