Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

Internal Bar Strength (IBS) - indicator for MetaTrader 4

| English 日本語 Русский 中文 Español Deutsch Português

Views:
15972
Rating:
votes: 5
Published:
2008.12.11 08:53
Updated:
2016.11.22 07:32
IBS.mq4 (2.29 KB)view

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;

Internal Bar Strength

Upload Export Upload Export

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 VKWBIBS

The WKBIBS indicator is a new generation oscillator with combined functions of two indicators WKB and IBS.

Exoticwavein Exoticwavein

The indicator writes the history to the CSV file.

MySQL wrapper MySQL wrapper

Wrapper for reading and writing to MySQL