1.5 KiB
1.5 KiB
Internal Bar Strength
This strategy is based on the Internal Bar Strength (IBS) indicator.
Refer also to the related Internal Bar Strength Band strategy.
Rules
- Enter a long trade when the IBS closes < 0.2.
- Exit the trade when the IBS closes > 0.8.
Parameters
Entry Threshold: The IBS value below which to enter a long trade. (Default: 0.2)
Exit Threshold: The IBS value above which to exit the trade. (Default: 0.8)
Backtest Results
SPY
QQQ
DIA
IWM
