Internal Bar Strength (IBS)

Locates each close within its candle range on a scale from 0 (close at the low) to 1 (close at the high). A mean-reversion primitive: values of 0.8 or above indicate overbought, 0.2 or below indicate oversold.

Live Demo

Pick a market regime to see how IBS(1) reacts:

Usage

import {IBS} from 'trading-signals';
 
// IBS yields results once 1 input has been added
const ibs = new IBS();