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Home Idayiindex MetaTrader 5 Indicator MetaTrader 5 Indicator | IDayIIndex

MetaTrader 5 Indicator | IDayIIndex

3.8.25 0

The IDayIIndex (Intraday Intensity Index) oscillator indicator.

It is calculated by the following formula:

III = Sum((2C-H-L)/(H-L))*TickVolume

Normalized:

Normalized III = (III /Sum(V))*100

The indicator has two input parameters:

  • Normalized - enable or disable the calculation of the normalized index (Yes/No);
  • Period - indicator calculation period.

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