31 lines
865 B
Markdown
31 lines
865 B
Markdown
# Internal Bar Strength
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The **Internal Bar Strength (IBS)** indicator measures the relative strength of a bar's close compared to its range.
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The formula for calculating the IBS is as follows:
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```
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IBS = (Close - Low) / (High - Low)
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```
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The value of the IBS ranges between 0 and 1.
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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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## Parameters
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N/A
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## Plots
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**Internal Bar Strength**: The relative strength of a bar's close compared to its range. (Default: Yellow Solid Line 3px)
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## Screenshots
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## Strategies
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The [Internal Bar Strength strategy](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/internal-bar-strength) is based on this indicator.
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