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Intraday Momentum Index
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=61173
Forum: 38 · Topic 61173 · 1 post(s)
Intraday Momentum Index
Alexander.Gettinger · Thu Sep 18, 2014 9:38 am
Original LUA oscillator: viewtopic.php?f=17&t=30911.
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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