Internal Bar Strength (IBS) -
is the indicator developed by Volker Knapp.
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.
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.
extern int Per=5;
Internal Bar Strength
The UploadExport script is a universal program tool. It is developed to ease the working of the analyst and the trader with regard to the daily routine actions of wave analysis using the ELWAVE program.VKWBIBS
The WKBIBS indicator is a new generation oscillator with combined functions of two indicators WKB and IBS.