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Indicators

IDayIIndex - indicator for MetaTrader 5

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2937
Rating:
(12)
Published:
2018.04.18 17:12
IDayIIndex.mq5 (8.43 KB) view
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The IDayIIndex (Intraday Intensity Index) oscillator indicator.

It is calculated by the following formula:

III = Sum((2C-H-L)/(H-L))*TickVolume

Normalized:

Normalized III = (III /Sum(V))*100

The indicator has two input parameters:

  • Normalized - enable or disable the calculation of the normalized index (Yes/No);
  • Period - indicator calculation period.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20161

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