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)] Π·Π° Period
With normalization:
Idx = 100*(Sum[Volume * (2*Close - High - Low) / (High - Low)]) / (Sum [Volume]) Π·Π° Period
Similar MetaTrader Trading Tools:
