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Add description to IBS indicator documentation

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moshferatu 2024-10-22 06:10:11 -07:00
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indicators/internal-bar-strength/README.md
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# Internal Bar Strength # 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.
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