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

Internal Bar Strength

This strategy is based on the Internal Bar Strength (IBS) indicator.

Rules

1. Enter a long trade when the IBS closes < 0.2.
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

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