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Intraday Intensity Index
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=34513
Forum: 17 · Topic 34513 · 3 post(s)
Intraday Intensity Index
Apprentice · Fri Apr 12, 2013 6:16 am
As described in article Intraday Intensity by Dennis Peterson III = Sum ((2C-H-L)/(H-L))xV Normalized III = (III /Sum(V))*100
Re: Intraday Intensity Index
Alexander.Gettinger · Fri Jun 06, 2014 3:15 pm
MQL4 version of Intraday Intensity Index: viewtopic.php?f=38&t=60795.
Re: Intraday Intensity Index
Apprentice · Fri Nov 04, 2022 6:26 am
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.