Intraday Intensity Index

[Apprentice]

As described in article Intraday Intensity by Dennis Peterson
III = Sum ((2C-H-L)/(H-L))xV
Normalized III = (III /Sum(V))*100

III.lua

(2.58 KiB) Downloaded 778 times

[Alexander.Gettinger]

MQL4 version of Intraday Intensity Index: viewtopic.php?f=38&t=60795.

[Apprentice]

Based on the source
https://www.prorealcode.com/prorealtime ... ity-index/

A volume based indicator that depicts the flow of funds for a security according to where it closes in its high and low range.

This indicator was developed by Dave Bostian. Its goal is to track the activity of institutional block traders.

John Bollinger advised to use this indicator as a confirmation tool with the Bollinger Bands.

Intraday Intensity Index.lua

(6.54 KiB) Downloaded 95 times