- July 16, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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| Author: | Scriptor (2008.12.11 09:53) | ||
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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 |
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