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Published:

18 June 2018, 13:57

Intraday_Intensity_Index.mq5 (9 KB) view

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Intraday intensity index oscillator.

It has two input parameters:

Calculations:

No normalization:

Idx = Sum[Volume * (2*Close - High - Low) / (High - Low)] за Period

With normalization:

Idx = 100*(Sum[Volume * (2*Close - High - Low) / (High - Low)]) / (Sum [Volume]) за Period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20858

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Intraday_Intensity_Index - indicator for MetaTrader 5