DEFINITION of 'Intraday Intensity Index' A volume based indicator that depicts the flow of funds for a security according to where it closes in its high and low range.
This indicator was developed by Dave Bostian. Its goal is to track the activity of institutional block traders.
A technical indicator that approximates the volume of trading for a specified security in a given day. It is designed to help track the activity of institutional block traders and is calculated by subtracting the day's high and low from double the closing price, divided by the volume and multiplied by the difference between the high and the low.
John BOLLINGER advised to use this indicator as a confirmation tool with the BOLLINGER BANDS .
If price tags the lower BBand, look for IIIX has positive values to enter a trade. Conversely; If price tags the upper BBand, look for IIIX has negative values to exit.
Hi. Thank you for this indicator. Can you explain what the line represent (the one that zigzag around the 0 line)? Thank you very much for your time and help
tradingv1
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SSK yı ne zaman paylaşıyoruz?
5ec4cba5d1d5427e91db70b18cc8eb
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Hocam selam versiyon4 te hatalar veriyor, kodlar güncel mi acaba teşekkürler
ICEKI
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Thanks for the script, and appreciated your efforts and generous =D
thanks for the script i have been searching for it for a while
erdogan18
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Selamlar Şimdiye kadar birçok indikatör kullandım, ancak, 1.10.2020 tarihinde ilk defa intraday kullandım ve bir gün boyunca en güzel sonucu verdi. Şimdi sürekli kullanıyorum. Bizden biri böyle bir çalışma yaptığı için gurur duydum. Ayrıca takipteyim. Teşekkürler.