Internal Bar Strength (IBS) – indicator for MetaTrader 4

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

Calculation:

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;

MT4 Indicators – Download Instructions

Internal Bar Strength (IBS) – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.

Internal Bar Strength (IBS) – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies

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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

Internal Bar Strength (IBS) – indicator for MetaTrader 4 (Free Download)

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