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Intraday Momentum Index
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66039
Forum: 48 · Topic 66039 · 1 post(s)
Intraday Momentum Index
Alexander.Gettinger · Wed May 02, 2018 11:32 am
Meaures the percentage of the underlying symbol upwards price change to its total price change during a specified number of periods.
Formula: IMI = 100*U/(U+D), where U = MVA(Up), D = MVA(Down), Up[i] = Close[i]-Open[i], if Close[i]>Open[i], else Up[i] = 0, Down[i] = Open[i]-Close[i], if Close[i]<Open[i], else Down[i]=0.
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