Using Internal Bar Strength as a Key Indicator for Trading Country ETFs
Statistical Finance
2023-06-23 v1 Computational Engineering, Finance, and Science
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.
Cite
@article{arxiv.2306.12434,
title = {Using Internal Bar Strength as a Key Indicator for Trading Country ETFs},
author = {Aditya Pandey and Kunal Joshi},
journal= {arXiv preprint arXiv:2306.12434},
year = {2023}
}