Internal Bar Strength indicator

[Alexander.Gettinger]

This indicator is a ported MQL5 indicator from http://www.mql5.com/ru/code/749 (in Russian).

Formulas:
IBS=MA(CurIBS),
CurIBS=100*(Close-Low)/Range, if [Price]="Close-Low",
CurIBS=100*(High-Close)/Range, if [Price]="High-Close", where
Range=High-Low.

Download:

IBS.lua

(4.02 KiB) Downloaded 632 times

For this indicator must be installed Averages indicator from viewtopic.php?f=17&t=2430

The indicator was revised and updated

[Apprentice]

Indicator was revised and updated.