Intraday Intensity Index

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Intraday Intensity Index

Postby Apprentice » Fri Apr 12, 2013 6:16 am

III.png

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
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Re: Intraday Intensity Index

Postby Alexander.Gettinger » Fri Jun 06, 2014 3:15 pm

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

Postby Apprentice » Fri Nov 04, 2022 6:26 am

EURUSD D1 (11-04-2022 1240).png


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.
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