Internal Bar Strength Indicator

The Internal Bar Strength Indicator is pretty basic but very intuitive. Most stocks that close near their high of the day tend to fall the next day and stocks that close near their low tend to rise the next day. This indicator has very similar buy and sell signals as the RSI . Buy when the indicator rises above its signal or if the indicator is in the red zone and rises up outside of the red zone. Sell when the indicator falls below its signal or if the indicator is in the green zone and falls down outside of the green zone.

Let me know if you would like to see other indicators from me!
發布通知: added smoothing length and changed ob/os levels
發布通知: fixed small typo
發布通知: updated to make it consistent with my other indicators
發布通知: included extra smoothing
發布通知: fixed issue with default resolution