RSI signal test
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Internal bar strength test
Where the close sat in the bar, from 0 at the low to 1 at the high, and whether low and high closes snapped back in your bars.
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The bars
The record
The last bar closed at an IBS of 0.896: a high close, above 0.8.
- The verdict
- The close moved against the extreme 26% of the time, against 46% for a random entry: within what chance alone gives on 23 signals, so no edge shows here.
- After low closes
- 7 bars closed below 0.2: 1 bar later the close was higher 29% of the time, -0.01% on average. Any 1-bar stretch in these bars ended higher 59% of the time.
- After high closes
- 16 bars closed above 0.8: 1 bar later the close was lower 25% of the time, +0.28% on average. Any 1-bar stretch in these bars ended lower 41% of the time.
- Read it with care
- Each signal is bought or sold at its own close; costs and slippage are left out. 23 finished signals is a small sample. The low-IBS bounce is best known in stock indices on daily bars; test years of your own market before trusting it.
The last signals: the IBS of the bar and the move to the close 1 bar later.
| Bar | Signal | IBS | After 1 |
|---|---|---|---|
| 17 ago | High close | 0.810 | -0.09% |
| 10 ago | High close | 0.802 | +0.56% |
| 9 ago | High close | 0.900 | +0.76% |
| 8 ago | High close | 0.900 | +0.25% |
| 5 ago | High close | 0.887 | +0.56% |
| 4 ago | High close | 0.853 | +0.76% |
| 3 ago | High close | 0.905 | -0.14% |
| Last | High close | 0.896 | Too recent |
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Where did the bar close?
Internal bar strength is the close's place in the bar's range: (close - low) / (high - low). At 0 the bar closed on its low, at 1 on its high. Short-term traders in stock indices have long noted that a close near the low was often followed by a bounce the next day, and a close near the high by a dip. Whether that holds in your market is a question for your own bars, so this page counts every low and high close and what happened next, against a random entry.
Test other snap-back signals with the RSI signal test and Bollinger band test, and check whether the market trends or reverts with the trend or mean reversion test.
Not advice. Counts on the bars you type; past signals do not promise how the next one will go.
Next tools
Bollinger band test
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Trend or mean reversion test
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Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.