IBS Multi-Bar Retracement Analyzer v6 Pro

IBS Multi-Bar Retracement Analyzer v6 Pro - Complete Functionality
This indicator performs quantitative analysis of Internal Bar Strength (IBS) patterns and their subsequent price retracement behavior under various market regime filters, with multi-bar holding period analysis.
Core Methodology
IBS Calculation: (Close - Low) / (High - Low), measuring where price closed within each bar's range (0.0 = closed at low, 1.0 = closed at high)
Retracement Analysis: For each historical bar meeting filter criteria, the indicator:

Calculates the bar's IBS and assigns it to one of 5 buckets (0.0-0.2, 0.2-0.4, 0.4-0.6, 0.6-0.8, 0.8-1.0)
Analyzes how future price action retraces into that bar's range over 1-5 subsequent bars
Maps retracement levels to 15 extended buckets (from <-0.8 to ≥1.8 range)
Stores results in 5×15 matrices for bullish and bearish reference bars separately

Multi-Bar Enhancement: Instead of single-bar analysis, calculates the combined high/low range across multiple future bars to reveal maximum favorable/adverse excursion over specified holding periods.
Analysis Parameters

Analysis Window: 100-5000 historical bars for statistical analysis
Future Bar Count: 1-5 bars for multi-bar retracement analysis
Bucket System: Standard (0.0-1.0) or Extended (-0.8 to 1.8) retracement ranges
HTF First Bar Handling: Four methods for handling bars where open equals higher timeframe open

Six-Layer Filter System
1. Higher Timeframe Filters

Primary: 1-hour open filter (Above/Below)
Secondary: Configurable timeframe filter (Above/Below)
Special handling for first bar of each HTF period

2. EMA Trend Filter

Configurable length (5-200 periods)
Above/Below EMA positioning

3. ATR Volatility Filters

ATR Multiple Filter: Current ATR vs baseline ATR threshold
Range/ATR Filter: Current bar's range relative to ATR

4. Previous Bar IBS Filter

Analyzes IBS of bar immediately before reference bar
Configurable threshold (0.0-1.0) and direction (Above/Below)
Enables two-bar sequence pattern analysis

Data Architecture
Matrix-Based Storage: 5×15 integer matrices for bullish/bearish data

Rows: IBS buckets of reference bar
Columns: Retracement buckets of future price action
Eliminates manual index calculations and enables row/column operations

Distribution Tracking: Parallel arrays track unfiltered distributions for bias analysis
Validation Metrics: Counts successful multi-bar analyses vs insufficient data cases
Table Output System
Dynamic Table Generation:

Matrix row iteration for clean data display
Conditional formatting based on retracement percentages
Raw counts, percentages, or combined display formats

Distribution Comparison: Shows how filters bias IBS bucket distribution vs baseline data
Filter Status Display: Real-time indication of active filters and their parameters
Research Capabilities
Mean Reversion Analysis:

Identifies optimal holding periods for each IBS range
Reveals edge persistence or degradation over time
Maps adverse excursion patterns

Filter Effectiveness Studies:

Regime-dependent pattern analysis
Filter bias quantification
Multi-dimensional filtering combinations

Sequence Pattern Recognition:

Two-bar IBS sequence analysis (high→low, low→low, etc.)
Momentum vs reversal pattern identification

Risk-Reward Profiling:

Maximum favorable/adverse excursion mapping
Success rate curves across holding periods
Breakout vs reversion classification

Visual Components
Bar Coloring: Real-time indication of bars passing all filter criteria
Optional Plots: EMA and ATR threshold lines
Debug Output: Comprehensive filter status and multi-bar analysis statistics
Technical Implementation
Performance Optimization:

Batch processing on last confirmed historical bar
Matrix operations instead of flattened arrays
Efficient reset functions using built-in matrix operations

Data Validation:

Robust handling of missing or invalid data
Statistical significance tracking
Edge case protection for range calculations

Non-Repainting Design: All filter calculations maintain historical consistency using proper bar referencing and confirmed bar states.
The indicator transforms basic IBS analysis into a sophisticated quantitative research tool for identifying high-probability mean reversion setups under specific market conditions, with statistical validation of edge persistence over varying holding periods.