  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.
