Using Internal Bar Strength as a Key Indicator for Trading Country ETFs
Using Internal Bar Strength as a Key Indicator for Trading Country ETFs ArXiv ID: 2306.12434 “View on arXiv” Authors: Unknown Abstract This report aims to investigate the effectiveness of using internal bar strength (IBS) as a key indicator for trading country exchange-traded funds (ETFs). The study uses a quantitative approach to analyze historical price data for a bucket of country ETFs over a period of 10 years and uses the idea of Mean Reversion to create a profitable trading strategy. Our findings suggest that IBS can be a useful technical indicator for predicting short-term price movements in this basket of ETFs. ...