Intraday_Intensity_Index – indicator for MetaTrader 5

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category:MT5 INDICATORS

Intraday intensity index oscillator.

It has two input parameters:

  • Period - calculation period;
  • Use normalization - switch (Yes/No) of using normalization in calculations.

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

Intraday_Intensity_Index - indicator for MetaTrader 5

Comment

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