StockFetcher Forums · Filter Exchange · Todays S&P<< >>Post Follow-up
IknowIcanchange
6 posts
msg #158259
Ignore IknowIcanchange
12/28/2021 7:29:14 AM

Found on quantifiedstrategies.com.
What is meant by IBS?
1.Today the S&P 500 must have made a new intraday high that is higher than the previous ten days high
2. Todays IBS must be lower than .015
3. If 1 and 2 are true, go long at close
4. Sell at close when todays close is higher than yesterdays high


IknowIcanchange
6 posts
msg #158261
Ignore IknowIcanchange
12/28/2021 8:17:21 AM

I have it:

Internal Bar Strength

(Close-Low)/(High-Low)

So, assuming stock XYZ, on a particular day, had a low of 90.00, a high of 100.00, and closed at 91.00, the IBS for that day would be calculated thus:

(91.00 – 90.00)/(100.00 – 90.00) = 0.1

There are a few deductions you can make from the IBS formula:
The IBS values are in decimal points and ranges between 0 and 1
The nearer the close price is to the day’s low, the smaller the IBS value
If the close price equals the day’s low, the IBS value becomes zero
The nearer the close price is to the day’s high, the bigger the IBS value
If the close price equals the day’s high, the IBS value becomes 1


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