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Normalized_Intraday_Intensity_Oscillator.mq5 (8.67 KB) view

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John Bollinger's Normalized Intraday Intensity Oscillator.

It has one input parameter:

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

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Normalized_Intraday_Intensity_Oscillator - indicator for MetaTrader 5