Using Internal Bar Strength as a Key Indicator for Trading Country ETFs

Aditya Pandey and Kunal Joshi

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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.

Date: 2023-06
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2306.12434

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