OPEN-SOURCE SCRIPT
Aggiornato Internal Bar Strength

Short Description:
This indicator calculates the Internal Bar Strength (IBS) for each bar, which measures the close price’s relative position within that bar’s high-low range, and then optionally smooths that value with a selected moving average.
What Does It Measure?
Internal Bar Strength (IBS):
The IBS formula is (close-low)/(high-low)
. This ratio indicates where the closing price lies within a bar’s trading range:
A value near 0 means the close is near the bar’s low.
A value near 1 means the close is near the bar’s high.
A value of 0.5 means the close is exactly in the middle of the bar’s range.
Smoothing (Moving Averages):
You can choose to smooth the IBS value with one of five different moving average types: RMA, SMA, EMA, WMA, or VWMA. The default length for smoothing is 10, but this can be adjusted for more or less sensitivity.
Key Features
Multiple MA Options:
Color Coding:
Green when IBS is greater than 0.5.
Red when IBS is less than or equal to 0.5.
This indicator calculates the Internal Bar Strength (IBS) for each bar, which measures the close price’s relative position within that bar’s high-low range, and then optionally smooths that value with a selected moving average.
What Does It Measure?
Internal Bar Strength (IBS):
The IBS formula is (close-low)/(high-low)
. This ratio indicates where the closing price lies within a bar’s trading range:
A value near 0 means the close is near the bar’s low.
A value near 1 means the close is near the bar’s high.
A value of 0.5 means the close is exactly in the middle of the bar’s range.
Smoothing (Moving Averages):
You can choose to smooth the IBS value with one of five different moving average types: RMA, SMA, EMA, WMA, or VWMA. The default length for smoothing is 10, but this can be adjusted for more or less sensitivity.
Key Features
Multiple MA Options:
- RMA: Also known as the Wilder’s moving average, it reacts slightly slower to changes than EMA.
- SMA: Simple moving average, straightforward average of the last n values.
- EMA: Exponential moving average, places more weight on recent data.
- WMA: Weighted moving average, linear weighting from oldest to newest data.
- VWMA: Volume-weighted moving average, weights price by trading volume.
Color Coding:
Green when IBS is greater than 0.5.
Red when IBS is less than or equal to 0.5.
Note di rilascio
Updated chartScript open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.