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Intraday Intensity Index

Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=60795
Forum: 38 · Topic 60795 · 1 post(s)


Intraday Intensity Index

Alexander.Gettinger · Fri Jun 06, 2014 3:14 pm

Original LUA oscillator: viewtopic.php?f=17&t=34513.

Formulas: III = Sum of [Volume(2Close-High-Low)/(High-Low)] for Length bars without normalization or III = 100(Sum of [Volume(2*Close-High-Low)/(High-Low)])/(Sum of [Volume]) for Length bars with normalization.

III_MQL.PNG

Download:

III.mq4