one to one coaching
Internal Bar Strength (IBS)

Internal Bar Strength (IBS)

No permission to download
Internal Bar Strength (IBS) - is the indicator developed by Volker Knapp.
Calculation:


It is calculated as the moving average of the values of the internal bars strength that represent the ratio (Close-Low)/(High-Low) * 100% for each of them.
How to use:


The period that is equal to five bars is usually used. The crossing of 60% level means the overbuying and the crossing of 40% level means overselling, and so they are the signals for selling and buying respectively.

Input Parameters:
extern int Per=5;


indicator_ibs.gif
  • Like
Reactions: worldwide-invest
Author
Salvador
Downloads
1
Views
73
First release
Last update
Rating
0.00 star(s) 0 ratings
Top