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Internal Bar Strength indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=9703
Forum: 17 · Topic 9703 · 2 post(s)
Internal Bar Strength indicator
Alexander.Gettinger · Thu Dec 15, 2011 5:05 am
This indicator is a ported MQL5 indicator from http://www.mql5.com/ru/code/749 (in Russian).
Formulas: IBS=MA(CurIBS), CurIBS=100(Close-Low)/Range, if [Price]=”Close-Low”, CurIBS=100(High-Close)/Range, if [Price]=”High-Close”, where Range=High-Low.
Download:
For this indicator must be installed Averages indicator from viewtopic.php?f=17&t=2430
The indicator was revised and updated
Re: Internal Bar Strength indicator
Apprentice · Mon Mar 20, 2017 7:54 am
Indicator was revised and updated.