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Internal Bar Strength (IBS)

by Dr.Hamdi Boukamcha
Name:
Internal Bar Strength (IBS) [ ru ]
Author: Scriptor (2008.12.11 09:53)
Rating: 10
Downloaded: 4262
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Internal Bar Strength (IBS)   IBS.mq4 (2.3 Kb) View
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;

Internal Bar Strength (IBS)

Internal Bar Strength

 

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