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Home Intensity Intraday MetaTrader 5 Indicator Normalized Oscillator MetaTrader 5 Indicator | Normalized_Intraday_Intensity_Oscillator

MetaTrader 5 Indicator | Normalized_Intraday_Intensity_Oscillator

11.7.25 0

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

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