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Internal Bar Strength (IBS) – indicator for MetaTrader 4

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Old 20-03-2018, 21:26
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Default Internal Bar Strength (IBS) – indicator for MetaTrader 4

indicator_ibs.gif

Internal Bar Strength (IBS) – is the indicator developed by Volker Knapp.

Calculation:

Table of Contents1 Calculation:2 How to use:3 Input Parameters:4 Related Posts

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;

How to install Internal Bar Strength (IBS) – indicator for MetaTrader 4.mq4?


    Download Internal Bar Strength (IBS) – indicator for MetaTrader 4.mq4
    Copy Internal Bar Strength (IBS) – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on Internal Bar Strength (IBS) – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator Internal Bar Strength (IBS) – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Internal Bar Strength (IBS) – indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

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