Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 4760
- Rating:
- Published:
- Updated:
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
John Bollinger's Normalized Intraday Intensity Oscillator.
It has one input parameter:
- Period - calculation period
Calculations:
NII = SMA(SUMM, Period) / AvgVOL * 100.0
where:
AvgVOL = SMA(VOL, Period)
SUMM = (2.0 * Close-High-Low) / (High-Low) * VOL
VOL - tick volume
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22800