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ninjatrader/indicators/internal-bar-strength
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moshferatu e1af9a20b9 Add link to IBS strategy to IBS indicator documentation
2024-10-22 06:31:15 -07:00
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screenshots
InternalBarStrength.cs Remove unnecessary parameters from IBS indicator 2024-10-22 06:24:34 -07:00
README.md Add link to IBS strategy to IBS indicator documentation 2024-10-22 06:31:15 -07:00

README.md

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.

Parameters

N/A

Plots

Internal Bar Strength: The relative strength of a bar's close compared to its range. (Default: Yellow Solid Line 3px)

Screenshots

Internal Bar Strength

Strategies

The Internal Bar Strength strategy is based on this indicator.