IknowIcanchange
9 posts
msg #158261
- Ignore IknowIcanchange |
12/28/2021 8:17:21 AM
I have it:
Internal Bar Strength
(Close-Low)/(High-Low)
So, assuming stock XYZ, on a particular day, had a low of 90.00, a high of 100.00, and closed at 91.00, the IBS for that day would be calculated thus:
(91.00 – 90.00)/(100.00 – 90.00) = 0.1
There are a few deductions you can make from the IBS formula:
The IBS values are in decimal points and ranges between 0 and 1
The nearer the close price is to the day’s low, the smaller the IBS value
If the close price equals the day’s low, the IBS value becomes zero
The nearer the close price is to the day’s high, the bigger the IBS value
If the close price equals the day’s high, the IBS value becomes 1
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