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(close-open)/(high-low) may contain useful information about stock prices. Is there a commonly accepted name for this quantity?

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    $\begingroup$ Think this is known as Interbar Rank (IBR) or Internal Bar Strength(IBS). $\endgroup$
    – oronimbus
    Jun 22 at 14:28
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    $\begingroup$ It is not. IBS is(close-low)/(high-low). I am asking (close-open)/(high-low). $\endgroup$ Jun 23 at 13:12
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If it weren't on Google, it wouldn't exist. Fortunately it is. It is called Balance of Power (BoP)

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The second link explains it is a simplification of Igor Livshin's balance of market power (BMP) indicator. If you google BOP, you will find links like Balance of Power (BOP)

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