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Home Iii2 MetaTrader 5 Indicator MetaTrader 5 Indicator | III2

MetaTrader 5 Indicator | III2

26.7.25 0

Oscillator of intraday intensity index as a histogram with a signal line.

It has two configurable parameters:

  • Intensity period - calculation period
  • Signal period - signal line period

Calculations:

  
II = 100*Avg/AvgVol  Signal = SMA(II, Signal period)

where:

  
Avg = SMA(Vol, Intensity period)  AvgVol = SMA(Volume, Intensity period)  Vol = Volume*(2*Close-High-Low) / (High-Low)

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